Displaying items by tag: energy

Kyriakos Mitsotakis spoke about a period of prolonged uncertainty and instability in his meeting with Katerina Sakellaropoulou, talking about inflation rates that we are facing and which we have not seen in 40 years.

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 equation in the wider Mediterranean region is multifactorial, as interstate energy, political and military developments in North Africa and the Middle East are tangled in a complicated ball of string.