The General Producer Price Index in Industry showed a large increase of 31.6% in January 2022, compared to the corresponding index of January 2021, while last year it had decreased by 5.4% compared to the corresponding month of 2020, as announced by Hellenic Statistical Authority – ELSTAT.
The average General Index of the twelve months February 2021 – January 2022, compared to the average General Index of the twelve months February 2020 – January 2021, showed an increase of 17.1% compared to a decrease of 8.0% in the corresponding comparison of the previous twelve months. Also comparing the month of January 2022 with December 2021, the Index showed an increase of 4.0%, compared to an increase of 2.3% recorded during the corresponding comparison of the indicators of the year 2021 with 2020.
The increase of the Domestic Producer Price Index by 32% in January 2022, compared to the corresponding index of January 2021, is mainly due to the increase of the indices such as coke production and oil refining by 63.4%, electricity supply ( 62%), coal and lignite mining (35.4%), wood industry and manufacturing of products such as furniture etc. (16.3%), production of basic metals (11.8%).
The increase of the External Market Producer Price Index by 30.0% is due to sectors such as coke production and oil refining products by 70.2%, electricity supply (65.2%), manufacturing of rubber and plastic products (30%) , production of basic metals (11.8%), manufacture of electrical equipment (19.7%).
Latest News
Critical Week for Greece-Cyprus Cable
The study concluded that the social benefits of the interconnection, totaling 8 billion euros, far outweigh its 1.9 billion euros construction cost, resulting in a net social benefit exceeding 6 billion euros.
Roberta Metsola Re-elected President of European Parliament
Her second term will be for a period of two and a half years
ELSTAT: 1.5% Increase in Business Turnover in May 2024
The most significant increase in turnover in May 2024 compared with May 2023 was recorded from the enterprises of the Accommodation and Food Service Activities, sector which grew by 14.8%.
Cosco: Container Traffic Decline at Piraeus Port Continues
This strategic shift has diminished Piraeus's standing as a prominent Mediterranean port and a key transshipment hub post-Suez Canal.
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight