Greece's European Union (EU) harmonized consumer price index ended up being even higher in September than expected on October 1, and further below the euro zone average, according to figures released by Eurostat on Thursday. I went away.
Final September inflation data showed Greece's EU harmonized index at 3.1% instead of the originally announced 3%, and for the eurozone at 1.7% instead of 1.8%. After the release of the final data, the difference was 1.4 percentage points (instead of 1.2%), giving Greece the fourth highest inflation rate in the euro area after Belgium (4.3%), the Netherlands (3.3%) and Estonia (3.2%). It was expensive.
Despite partially mitigating price increases in some key categories, food remains a major issue, with Greece recording significant price increases compared to other euro area member states. The same phenomenon is again observed for energy and rental prices.
According to data analyzed by Eurostat, Greece had the fourth largest rise in food prices in September at 3.2%, compared to 2% in the euro area, while Latvia had the largest rise (4.6%). In fact, for some foods, Greece has the highest annual growth rate, for example for fish, where the growth rate was 6.7% compared to just 1.9% in the euro area. Fresh fruit prices in Greece increased by 8% in September compared to September 2023, the third highest increase in the region, although the overall increase in the product category was only 2.1%. It became.
For poultry in general, Greece had the second highest price increase in the euro area (2.8% compared to a 0.4% decline in the euro area). Of course, the price increase for olive oil remains in double digits at 38.9%, the fifth highest in the euro area. The largest increase was in Cyprus (61.3%), with an average increase of 21.4% across the euro area.
However, prices for some foods have fallen in Greece. Prices for raw milk fell by 2.1% (up 0.7% in the euro area) and by 1.5% in cheese (up 0.5% in the euro area).
