Eurostat: Greece’s Annual Inflation Rate Drops to 2.3% in May
Eurozone Inflation Climbs to 2.6%
Eurozone Inflation Climbs to 2.6%
The greatest percentage increase was recorded in the price of olive oil, despite Greece being the third-largest producer in the entire Eurozone
However, the Commission warned about the need for balance, emphasizing that substantial wage hikes, without parallel productivity gains, could adversely impact competitiveness across Europe
Inflation rates will remain above the ECB limit (2%), not only for 2024 but also for 2025, something that will continue to test the resilience of consumers, especially if new geopolitical challenges arise that might exacerbate the already precarious situation
Food, alcohol, and tobacco will exhibit the highest annual rates at 6.9 percent in the Eurozone
Next month Greece will repay 5.3 billion euros ahead of schedule and hopes to continue the trend in 2024
The meeting is taking place amid the flare-up in the Middle East
Foodstuffs, alcohol and tobacco products posted the highest rates in increase
The inflation rate in the Eurozone, as a whole, eased to 5.5 percent
A study by the EU’s statistics service also shows that Greek citizens are the most concerned when it comes to the ability to payoff bills
Energy prices rose by 17.2 percent in the Eurozone
December's bet for the ECB
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