We have not seen the worst yet, as it seems. This is because the so-called imported inflation “explosion” of 31.8% in January 2022, long before the start of the war in Ukraine.
Today’s announcement of the Hellenic Statistical Authority for the increase of the import price index in the industry is a clear indication in this direction, as the vertical increase of the import price index in the industry is usually followed by the increase of the retail prices.
The Overall Import Price Index (MPI) in Industry with base year 2015=100.0 in January 2022 recorded an increase of 31.8% compared with January 2021. The corresponding index in January 2021 had recorded a decrease of 4.8% compared with January 2020.
The Overall Index in January 2022 recorded an increase of 9.7% compared with December 2021. The corresponding index in January 2021 had recorded an increase of 2.9% compared with December 2020.
The twelve-month average Overall Index from February 2021 to January 2022, increased by 23.4% in comparison with the corresponding index of the period from February 2020 to January 2021, while the decrease recorded between the previous twelvemonth periods amounted to 11.6%.
1. Annual rates of change: January 2022 compared with January 2021
The increase of 31.8% in the Overall Import Price Index in Industry in January 2022 compared to January 2021 is on
account of the yearly changes of the sub-indices of the markets as follows:
a. 47.3% increase in the MPI of the Non-Eurozone Market.
b. 6.9% increase in the MPI of the Eurozone Market
More specifically, the aforementioned increase was the result of the yearly changes mainly of the sub-indices in the following NACE Rev.2 divisions: 
2. Monthly rates of change: January 2022 compared with December 2021
More specifically, the aforementioned increase was the result of the monthly changes mainly of the sub-indices in the following NACE Rev.2 divisions:
a. 14.3% increase in the MPI of the Non-Eurozone Market.
a. 47.3% increase in the MPI of the Non-Eurozone Market.
b. 0.8% increase in the MPI of the Eurozone Market .
The increase of 31.8% in the Overall Import Price Index in Industry in January 2022 compared with January 2021 is on account of the yearly changes of the sub-indices of the markets as follows:
More specifically, the aforementioned increase was the result of the yearly changes mainly of the sub-indices in the
following NACE Rev.2 divisions:
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Greece’s Industrial Production Rises 5.8% in December
For the entire year, the average General Index of Industrial Production increased by 5.2% in comparison to the corresponding period in 2023.
Study Shows Athens Traffic Congestion Up
On average, car drivers and their passengers who venture out onto Greater Athens’ roads will spend roughly half an hour in the vehicle to cover a distance of 10 kilometers
Judge Blocks Elon Musk’s Team from Accessing Treasury Payment System
Judge blocks Elon Musk’s team from Treasury access over security risks and potential misuse of federal payment data.
Make Europe Great Again in Madrid
Far-right leaders rally in Madrid to 'Make Europe Great Again
Seismologists Cautiously Optimistic as Aegean Earthquake Activity Evolves
Seismologists grow increasingly optimistic as Aegean earthquake activity shows signs of decline
Earthquakes Continue to Shake the Cyclades, Experts Monitor Declining Activity
Ongoing earthquakes rattle Greece's Cycladic islands, but experts believe activity may be slowing.
Santorini Earthquakes Might Affect Greek Tourism Revenue: NBG Report
The areas directly affected by the tremors account for approximately 4% of both the country's annual tourism revenues and the total annual turnover in the accommodation and food service sectors
Greek Trade Deficit Surges to €34.6 Billion in 2024 Amid Export Decline
Conversely, numbers indicate that exports declined, totaling to 49.90 billion euros in 2024, down from 51.02 billion euros in 2023 marking a 2.2% decrease.
Culture Ministry Takes Action to Protect Santorini’s Antiquities
So far, no damage has been reported to the island’s cultural heritage, with exhibits already safeguarded. Meanwhile, the Greek Ministry of Culture held an emergency meeting on February 6.
How Many Tourists Visit Santorini Each Year?
As Santorini continues to shake with earthquakes, one big concern is what these quakes will mean for the island’s tourist season.
![Αεροδρόμια: Οι πιο δημοφιλείς προορισμοί για τους ξένους τουρίστες [γράφημα]](https://www.ot.gr/wp-content/uploads/2023/05/el.venizelos_aerodromio_680562846-1-90x90.jpg)
![Εθνική Τράπεζα: Σε πείσμα των καιρών, οι ελληνικές εξαγωγές μπορούν να επιταχύνουν το 2025 [γραφήματα]](https://www.ot.gr/wp-content/uploads/2024/09/exports-600x400.jpeg)
![Επενδύσεις: Πόσο στηρίζουν το ελληνικό ΑΕΠ – Τι δείχνει μελέτη της Alpha Bank [γραφήματα]](https://www.ot.gr/wp-content/uploads/2023/12/ot_artificial_ependyseis-600x352.png)
