Inflation in Greece stood at 3% in Sept. (down from 3.2% in Aug.), according to preliminary data from Eurostat. At the same time, the consumer price index in the Eurozone increased by 1.8% during the same month (down from 2.2% in Aug.), falling below the European Central Bank’s (ECB) target of 2%.
It is apparent that inflation in Greece continues unabated, with a monthly increase of 1.7%, followed by Portugal and Italy with 1.2%.
Regarding the main components of inflation in the Eurozone, services are expected to have the highest annual rate in Sep. (4.0%, down from 4.1% in Aug.), followed by food, alcohol, and tobacco (2.4%, up from 2.3% in Aug.), non-energy industrial goods (0.4%), unchanged compared to Aug., and energy (-6.0%, down from -3.0%) in Aug.
The core inflation rate, which excludes volatile energy and unprocessed food prices, was 2.7% in the Eurozone in Sept., down from 2.8% in Aug.
In Germany, the Harmonized Consumer Price Index (HCPI) fell to 1.8% in Sept., lower than expected, according to preliminary data from the country’s statistical agency, Destatis. The last time inflation in Germany was below the ECB’s 2% target was in February 2021.
Finally, inflation also dropped below the ECB’s 2% target in France and Spain, reinforcing the possibility that the ECB may accelerate the pace of interest rate cuts.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
EU Launches Infringement Process against Greece, 16 Other States for Failing to Implement CSRD
The member-states in question now have two months to respond and complete their transposition
Trio of SE Europe Ministers Call for EU Action to Address Surging Power Prices
The energy ministers of Greece, Bulgaria and Romania said sharp price hikes in SE Europe's wholesale power markets last summer wer due to external factors
Greece to Sell 10% Stake in National Bank as Part of Banking Sector Privatization
This means that Greece could raise up to 727.2 million euros from the sale
ELSTAT: Retail Trade in Greece Slightly Down in July
The concerning figures come in spite of the summer sales by retailers, as consumers are trying to make ends meet due to the rising cost of living
Austria’s Far Right FPO Wins General Elections
The projected victory highlights the electorate shift in Europe toward hard right parties caused largely by rising concerns over immigration levels.
New Labor Market Characteristics and Changes Revealed in ECB Report
60 % of the companies admitted that attracting skilled employees has become more difficult due to wage levels
Greece Plans New Early Debt Repayment for 2025
This subsequent debt repayment is expected to be completed by Sept. 2025, with an amount of at least 5 billion euros
PM Mitsotakis Highlights GSI Project Securing Europe’s Energy, in Weekly Review
Mitsotakis highlighted that the increase in interconnections among European countries’ networks is a critical factor in promoting the green transition
Wine Tourism Emerges as a Promising Asset for Greek Tourism
"When visitors return to their home countries and see a Greek wine in the market, they will remember it and buy it. Essentially, we have 33 million potential ambassadors for our wine"
CERN: Greek Prof. Elected as Next President of its 2-Year Council
Prof. Costas Foudas, who heads the high physics group at the University of Ioannina, will assume the prestigious post of president of the CERN council, for the 2025-27 period
