Displaying items by tag: Greece

Eurozone inflation jumped to 7.5% in March, from 5.9% in February, according to Eurostat estimates.

Energy is expected to have the highest annual rate in March (44.7%, compared to 32.0% in February), as shown in the chart above, followed by food, alcohol and tobacco (5.0%, versus 4.2%), non-energy industrial goods (3.4%, versus 3.1%) and services (2.7%, compared to 2.5%).

Inflation in Greece is estimated at 8%, with Lithuania emerging as the "champion" country in the EU with 15.6%, followed by Estonia (14.8%, the Netherlands (11.9%) and Latvia (11, 2%).

Eurostat calculates inflation on the basis of the harmonized index of consumer prices, with the same weightings of products and services for all Eurozone countries.

The leading role that Greece plays in promoting peace and prosperity from the Eastern Mediterranean to the Black Sea region and the Western Balkans is noted by Joe Biden in the declaration he signs for the Day of Greek Independence. In his message, the US President referred to the latest achievements of Greek-American relations, saying that the updating of the Mutual Defense Cooperation Agreement (MDCA) will strengthen Greek-American cooperation in the field of defense and security in the coming years. At the same time, President Biden expresses his gratitude for the continued hospitality of Greece in the Naval Support Activities of the US Navy in the Gulf of Souda in Crete.

Prices of liquid fuels in Greece are experiencing unprecedented rallies after the rally of crude oil topping 130 dollars per barrel due to the war in Ukraine. The increases are cataclysmic not only from day to day but also from hour to hour, with the average nationwide price of unleaded now exceeding 2 euros per liter.