The Hellenic Ststistical Authority pegged inflation in Greece at 9.1% for October. In September, inflation in Greece stood at 12%, showing a decrease of almost 3 points in a month.
Price hikes were led by natural gas with 68.4%, remaining steady (but reduced). This is followed by the transport of passengers by taxi with 32.9%, the transport of passengers by plane with 30.6%, the transport of passengers by ship with 26.7%, while hotel boarding rose by 20.2%. Solid fuel prices rose by 23.3% and heating oil by 20.8%.
Food prices “rally”
Beyond that, the “rally” in food prices continues with the overall category “rising” by 14.8% in October, from 13.5% in September. In any case it remains above the level of average inflation. In particular, food prices “run” at high rates. As can be seen, prices for dairy products and eggs increased by 24.2%, bread and cereals by 19.3%, meats by 17.3%, intermediate household consumption items by 16.1%.
As can be seen from the comparison of the General Consumer Price Index for the month of October 2022 with the corresponding Index of October 2021, there was an increase of 9.1% against an increase of 3.4% that occurred during the corresponding comparison of 2021 with 2020. 
The CPI in October 2022 compared with October 2021, increased by 9.1%. In October 2021, the annual rate of change of the CPI was 3.4%.
The CPI in October 2022 compared with September 2022, decreased by 1.2%. In October 2021, the monthly rate of change of the CPI
was 1.5%.
The average CPI for the twelve – month period from November 2021 to October 2022, compared with the corresponding index for the period November 2020 to October 2021 increased by 9.2%. The annual rate of change of the average CPI between the twelve – month period November 2020 to October 2021 in comparison to the period November 2019 to October 2020 remained unchanged.
Categories that lead in price hikes
The 1.2% decrease of the Overall CPI in October 2022, compared with the corresponding index in September 2022 is, mainly, due
to the changes in the groups of goods and services as follows:
1. A decrease of:
• 11.5% in the group Housing, due to the decrease, mainly, in the prices of: electricity, natural gas, heating oil. This decrease was partly offset by the increase, mainly, in the prices of rentals for dwellings.
• 0.3% in the group Hotel-Cafés-Restaurants, due to the decrease, mainly, in the prices of hotels-motels-inns. This decrease was partly offset by the increase, mainly, in the prices of restaurants-confectioneries-cafes.
2. An increase of:
• 1.3% in the group Food and non-alcoholic beverages, due to the increase, mainly, in the prices of: bread, pasta products and couscous, beef, pork, lamb and goat, fresh whole milk, cheese, olive oil, fresh fruit, fresh vegetables, potatoes. This increase was partly offset by the decrease, mainly, in the prices of fresh fish.
• 3.5% in the group Clothing and footwear, due to the increase in the prices of clothing and footwear.
• 1.6% in the group Household equipment, due to the increase, mainly, in the prices of: non-durable household articles, domestic services.
• 2.1% in the group Transport, due to the decrease, mainly, in the prices of: new motor cars, second hand motor cars, diesel, petrol, tickets for passenger transport by air.
• 0.4% in the group in the group Miscellaneous goods and services, due to the increase, mainly, in the prices of hairdressing salons and personal grooming establishments.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Vardis Vardinogiannis: ‘On a Ship’s Bridge You Always Look Forward’
Ten milestones in the half century since the creation of Motor Oil Group, as described by Vardis Vardinogiannis, who passed away on Tuesday at the age of 91
DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts
The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).
Meta Cuts Facebook and Instagram Subscription Fees by 40%
The social media giant also revealed that it will continue to offer free access to Facebook and Instagram for EU users, provided they agree to see ads based on a limited set of user data.
Skyrocketing Use of Debit, Credit Cards
The total value of the transactions conducted with debit and credit cards in the country in the first half of 2024 rose 2% on the corresponding period of 2023
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.
