The Hellenic Statistical Authority (ELSTAT), has reported a significant increase in the output price index for agricultural and livestock products for April 2024, highlighting a persistent trend of rising prices.
The output price index for agriculture and livestock, excluding subsidies, saw a significant rise of 15.7% in April 2024 compared to April 2023. This contrasts with the 9.8% increase recorded in April 2023 relative to April 2022.
The 15.7% surge in April 2024’s output price index is primarily attributed to a substantial 23.7% hike in the crop output group, driven mainly by the price increases in olive oil and fruits. Additionally, the animal output group experienced a modest rise of 1.3%.
Month-on-month, the output price index in April 2024 edged up by 0.4% from March 2024. The twelve-month weighted average output index from May 2023 to April 2024 climbed by 17.2% compared to the same period from May 2022 to April 2023.
Conversely, the input price index for agriculture and livestock fell by 1.8% in April 2024 compared to April 2023. This is a notable shift from April 2023, which saw a 4.6% increase from the previous year.
The 1.8% decrease in April 2024’s input price index is largely due to a 3.2% reduction in the price index for goods and services currently consumed in agriculture, particularly animal feeding stuffs.
However, this decline was partially offset by a 2.9% increase in the price index for goods and services contributing to agricultural investment.
Source: tovima.com
Latest News
Surging Gold Sees High Sovereign Liquidation Rate in Greece
Bank of Greece (BoG) reports nearly 36,000 buy back transactions this year up until the end of September in the country
Heating Oil Prices in Greece Range from €1.16 to €1.39 per Liter
In Athens, the average price of heating oil, which became available to the public as of Oct. 15, stands at 1.67 euros per liter, while in Thessaloniki, it is a little higher at 1.77 euros per liter
Homeownership Increasingly Unattainable for Young Greeks
Compared to two decades ago, the difficulty of finding housing has risen dramatically, with homeownership rates in Greece plummeting since 2005
S&P Delays Greek Economy’s Credit Review, Keeps Rating at BBB-
Moody’s took a “stricter” stance compared to the other agencies when in Sept. of 2023 it refused to grant Greece the investment grade
The History of Greece’s Tallest Buildings
By the end of 2025, the rejuvenated Hilton Athens—now rebranded as "The Ilisian"—will begin a new chapter as an innovative multi-use complex, featuring the Conrad and Waldorf Astoria brands of hotels and residences.
Alonissos Top Pick for Popular French Website
The list also includes Chios, Kythira, Ithaca, Kea, and Patmos
Greece’s Tourism Success Tied to Expanding U.S. and Asian Markets
Its findings reveal that travelers to these destinations are becoming increasingly demanding, expecting high-quality travel experiences while also seeking authenticity.
Greece to Simplify Procedures for Solar Installations
Under the new procedures, businesses no longer need to seek approval from Greece's electricity regulator or obtain an environmental permit as part of the application process for installing solar panels.
HCAA Reports 6.1% Rise in Passenger Traffic January-September
Regarding domestic and international flights, the total number of passenger arrivals and departures amounted to 9,984,655 in the first nine months of 2024
Greece Tops Europe in Rent Payment Struggles
Families with children are even more affected, with 26.3% of these households struggling to pay rent.