Greece overall inflation low but food prices are soaring

Greece's inflation rate rose to 3.5% in July, but it still remains the sixth lowest among EU members, with higher inflation rates observed in other countries such as Belgium, Luxembourg, Spain, Cyprus, and Denmark; however, Greece does have the ninth highest inflation rate in food compared to other EU nations.

ekathimerini.com

Relevant topic timeline:

8/31/2023

Euro zone price rises steady for August but core inflation declines further

Euro zone inflation in August came in higher than expected at 5.3%, posing a challenge for the European Central Bank as it remains unchanged from the previous month.

8/31/2023

U.S. inflation rate creeps higher, PCE finds, leaving Fed with more work to do

US inflation remains above 3% as the cost of goods and services rose by 0.2% in July, prompting speculation that the Federal Reserve may freeze interest rates to manage inflation without causing a recession.

8/31/2023

Inflation in Europe stuck at 5.3% in August as energy prices rise

Consumer prices in the eurozone rose 5.3% on average this month compared to last year, with core inflation easing to 5.3%, potentially increasing pressure on the European Central Bank to raise interest rates.

8/31/2023

Eurozone inflation remains unchanged in August

Eurozone inflation remains at 5.3%, leading analysts to speculate that the ECB may consider pausing its interest rate hikes in light of a slowing economy.

9/4/2023

Inflation in Turkey jumps to 59%

Inflation in Turkey reaches highest level since December 2022, with prices increasing nearly 60% compared to last year, fueled by the depreciation of the Turkish lira and independent economists suggesting consumer prices have risen as much as 128%.

9/13/2023

ECB Upgrades Inflation Outlook, Strengthening Case for Further Rate Hikes

The European Central Bank is expected to see inflation in the euro zone remain above 3% next year, which strengthens the case for an interest rate increase.

9/14/2023

ECB Raises Interest Rates to 4% in Latest Move to Combat High Inflation

The European Central Bank (ECB) has raised interest rates to a record high of 4% in an attempt to combat rising inflation, but suggests that this increase could be the last for the time being. The ECB expects inflation to fall in the coming years, but acknowledges that higher rates have impacted economic growth projections for the eurozone.

9/19/2023

Euro Zone Inflation Revised Down Slightly but Remains Over Twice ECB Target

Euro zone consumer inflation in August remained more than twice the European Central Bank's target, with a year-on-year rate of 5.2%, although slightly lower than initially estimated, according to Eurostat.

Topics

Posted 8/22/2023, 7:45:54 AM

Greece overall inflation low but food prices are soaring

ekathimerini.com

Relevant topic timeline:

8/31/2023

Euro zone price rises steady for August but core inflation declines further

Euro zone inflation in August came in higher than expected at 5.3%, posing a challenge for the European Central Bank as it remains unchanged from the previous month.

8/31/2023

U.S. inflation rate creeps higher, PCE finds, leaving Fed with more work to do

8/31/2023

Inflation in Europe stuck at 5.3% in August as energy prices rise

8/31/2023

Eurozone inflation remains unchanged in August

Eurozone inflation remains at 5.3%, leading analysts to speculate that the ECB may consider pausing its interest rate hikes in light of a slowing economy.

9/4/2023

Inflation in Turkey jumps to 59%

9/13/2023

ECB Upgrades Inflation Outlook, Strengthening Case for Further Rate Hikes

The European Central Bank is expected to see inflation in the euro zone remain above 3% next year, which strengthens the case for an interest rate increase.

9/14/2023

ECB Raises Interest Rates to 4% in Latest Move to Combat High Inflation

9/19/2023

Euro Zone Inflation Revised Down Slightly but Remains Over Twice ECB Target