Eurostat: Greece’s Annual Inflation Rate Drops to 2.3% in May
Eurozone Inflation Climbs to 2.6%
Eurozone Inflation Climbs to 2.6%
The greatest percentage increase was recorded in the price of olive oil, despite Greece being the third-largest producer in the entire Eurozone
However, the Commission warned about the need for balance, emphasizing that substantial wage hikes, without parallel productivity gains, could adversely impact competitiveness across Europe
Inflation rates will remain above the ECB limit (2%), not only for 2024 but also for 2025, something that will continue to test the resilience of consumers, especially if new geopolitical challenges arise that might exacerbate the already precarious situation
Food, alcohol, and tobacco will exhibit the highest annual rates at 6.9 percent in the Eurozone
Next month Greece will repay 5.3 billion euros ahead of schedule and hopes to continue the trend in 2024
The meeting is taking place amid the flare-up in the Middle East
Foodstuffs, alcohol and tobacco products posted the highest rates in increase
The inflation rate in the Eurozone, as a whole, eased to 5.5 percent
A study by the EU’s statistics service also shows that Greek citizens are the most concerned when it comes to the ability to payoff bills
Energy prices rose by 17.2 percent in the Eurozone
December's bet for the ECB
The rise in prices in the eurozone is led by energy with 41.9%, followed by food, alcohol and tobacco with 13.1%, non-energy industrial products with 6% and services with 4.4%.
The cash reserve of Greece is estimated at 39 billion euros
What the data of the EU statistical authority show
In the eurozone, inflation climbed to 8.6%, from 8.1% in May.
And this is the "good scenario" according to Giannis Stournaras
Inflation in the eurozone at 7.5%
Possible measures to facilitate business restructuring
For the greedy and other economic "prophets" here, we point out that if Greece were not a member of the Eurozone, apart from the final collapse of its economy, today it would have about 1,000 billion euros in foreign debt and its inhabitants are a question if they could in winter to be warmed for more than one to two hours.
Interview of the Prime Minister in Handelsblatt on a Stability Pact and Greek-Turkish
What does the closure of the economy mean when it is in a phase of rapid return to pre-pandemic levels, with a positive outlook for government revenue and revenues?
The forecasts of reputable financial institutions for inflation in the country do not exceed 0.6% for this year
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