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Greek inflation rate slowed to 3.0% in November

Greek inflation slowed further to 3.0% in November from 3.4% in October and 8.5% in November last year, Hellenic Statistical Authority said on Friday. This development reflected mostly a decline in natural gas prices (-53.2%) and in fuel-lubricants, while price increases continued in food items (+9%, with olive oil up 31.4%) and other product and services.

  • Published in Economy

Inflation in Greece: Rising prices and consequences

The looming - according to some analysts - and even artificial - according to Stournaras - impending rise in inflation in Greece brings anxiety but also collateral... benefits. On Friday, Hellenic Statistical Authority-ELSTAT is expected to announce the detailed inflation data for the month of October 2023, where the contribution of food, which is the biggest "thorn" of the last several months, will be reflected

  • Published in Greece

BoG Gov: Safety cushions are needed – When will interest rates be reduced

The governor of the Bank of Greece, Yannis Stournaras, tried to put a "brake" on the scenarios for benefits, during an interview he gave at the conference "GREECE AFTER VII: Asymmetries and national agenda", organized by the Circle of Ideas, raising the issue of review and essentially of tax exemptions. At the same time, he expressed his personal opinion, without having been discussed - as he pointed out - within the ECB, about the need to reduce interest rates from the middle of 2024, if certain conditions are met.

  • Published in Economy
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