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Inflation in Greece: The "nightmare" with food prices

Food prices continue to rally at high rates, causing great concern to consumers who "see" their incomes decrease. As the data released yesterday by the Hellenic Statistical Authority-ELSTAT showed, food inflation is more than three times higher than the increase in the general consumer price index. The situation has become unbearable in recent months, as the index in the group "food and non-alcoholic beverages" from 13.5% in September reached 14.8% in October 2022, touched 15% in November, and peaked at 15.5% in December, while in January it was at 15.4%. In February it "fell" a bit to 14.8% to be end up in March at 14.3%. Of course, it is worth noting that this imperceptible de-escalation does not mean anything to consumers, as these are large price increases, which come to be added to the previous ones.

Investment grade: Which sectors of the Greek economy will benefit

The recovery of the investment grade in 2023 is looming on the horizon, even if it is still too early for safe conclusions. The achievement of an almost balanced budget in 2022 also works in this direction. The initial estimates spoke of a primary deficit of 1.6%, however it seems that the better course of the budget - due to inflation which brought much more revenue to the state but not to citizens – leads to an almost zero deficit last year, something that the political leadership of the Ministry of Finance has also mentioned.

Crete rocks to 4.4 magnitude earthquake

A 4.4-magnitude earthquake, classified as "weak", was recorded at 01:36 in the sea area 43 km south-southeast of Zakros, in eastern Crete (434 km south-east of the capital), announced the Geodynamic Institute of the National Observatory of of Athens.

Advice from the Fire Department in the event of an earthquake

Advice from the Fire Dept. on what to do in the event of an earthquake, both during and after it.

  • Analytically:
    When you feel an earthquake, immediately get under a desk or a very sturdy table. Stand away from windows, bookshelves, large mirrors and other heavy objects that can fall. Pay attention to the plasters and the various items on the ceiling (plaster decorations, etc.).
  • Remain covered until the vibration stops. If the furniture that protects you moves, try to follow it. Below you will find some additional tips in case you find yourself in certain areas
  • If you are in a TALL BUILDING and there is no desk or table near you, move towards the inner wall and protect your head with your hands.
  • Do not use the elevator. Don't be surprised if the alarm or automatic sprinkler system goes off.
  • If you are outdoors, move away from trees, signs, buildings, power lines and utility poles.
  • If you are walking on a sidewalk near buildings, move toward the entrance of the nearest one, to protect yourself from the various objects that can fall, such as bricks, glass, plaster, etc.
  • If you are driving, stop on the side of the road. Avoid intersections, power lines and other sources of danger. Stay inside the vehicle until the vibration stops.
  • If you are in large, crowded stores or public gathering places, do not rush to the exits. Move away from shelves with objects that can fall.
  • If you are in a wheelchair, do not try to get up. Move to a safe place if possible, lock the wheels and protect the head with your hands. If you are in the kitchen, move away from the refrigerator, oven and high cabinets. If you are inside a stadium or theater, stay in your seat and protect your head with your hands. Do not attempt to escape before the vibration stops.
  • Avoid running towards the exits.
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