The so-called imported inflation moved downward last September.
According to Hellenic Statistical Authority-ELSTAT, the general Import Price Index in Industry showed an annual decrease of 9.2% in September 2023, compared to the corresponding index of September 2022, against a 25.2% increase noted when comparing the corresponding indices of the year 2022 with in 2021.
However, the General Index during the month of September 2023, compared to the August 2023 index, showed an increase of 3.9% against a decrease of 2.2% that occurred during the corresponding comparison of the year 2022 indices.
The average General Index of the twelve months October 2022 – September 2023, compared to the average General Index of the twelve months October 2021 – September 2022, showed a decrease of 6.6% against an increase of 30.9% noted during the corresponding comparison of the previous twelve months.
Year-on-year comparison
The decrease of the General Index of Import Prices by 9.2%, in the month of September 2023, compared to the corresponding index
of September 2022, due:
a. In the reduction of the Import Price Index from countries outside the Eurozone by 13.1%
b. In the reduction of the Price Index of Imports from Eurozone Countries by 0.1%
The decrease of the General Import Price Index (total market) by 9.2% was mainly contributed by the changes in the indices of the two-digit branches of the NACE Rev. classification. 2, as follows:
Monthly level
The increase of the General Import Price Index by 3.9%, in the month of September 2023, compared to the corresponding index of August 2023, is due to:
a. In the increase of the Import Price Index from countries outside the Eurozone by 5.8%
b. In the increase of the Import Price Index from Eurozone Countries by 0.4%
The increase of the General Index of Import Prices (total market) by 3.9% was mainly contributed by the changes in the indices of the two-digit branches of the NACE Rev. classification. 2, as follows:
Latest News
Bank of Greece Governor Says EU will Retaliate to Trump’s Tarrifs
The Bank of Greece Governor defended the independence of central banks amid criticism from U.S. President-elect Donald Trump, who had publicly commented on Federal Reserve Chair Jerome Powel
September in Greece Winning Tourists Over from US, Germany
Tourists continue to visit Greece off-season into Sept. with the number of inbound travelers up by 6.6% and a 7.9% rise in travel receipts.
Bitcoin Surges Toward $100K Amid Pro-Crypto Optimism in US
According to Reuters, the cryptocurrency surged to an all-time high, briefly exceeding $96,898 during Asian trading hours.
Greek Driver Violations at a Touch of a Button
Traffic offences recorded in the last five years by Greece’s “Driver Behavior Control System” are now available on Gov.gr Wallet
Milan Tops List of Most Expensive Streets, Athens’ Ermou Holds Steady at 15th Place
In Athens, following Ermou Street is the southern suburb of Glyfada and Tsimiski Street in Thessaloniki.
New Gov.gr Service Enables Secure Reporting of Minor-Related Delinquency
It should also be noted that via the recently introduced initiative ‘Safe Youth’ application citizens have access to specially tailored informative material regarding the safety of children and adolescents
Thousands Strike in Athens Over Soaring Living Costs and Stagnant Wages
Inflation, particularly in food prices, has been crushing Greek households
Greece Overhauls Property Valuation System
Greece plans to launch a revamped property value registry in 2025 and overhaul the way objective values are calculated to enhance tax revenue and improve transparency.
Greece’s New Tax Bill Foresees Tax Relief Beyond Big Business
Tax relief measures in Greece are proposed for freelancers, property owners and farmers, along with 'big business'
Unions Call Nationwide Industrial Strike for Wed.
Mass transits are usually affected, especially in the greater Athens-Piraeus area, although bus and metro services are curtailed but not fully halted