Greek inflation jumped to 5.1% in December

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ATHENS – The inflation rate in Greece jumped to 5.1% in December from 4.8% in November and -2.3% in December 2020, for an average increase of 1.2% in 2021 after a drop of 1.2% in 2020, the Hellenic Statistical Authority said on Thursday.

More specifically, in one year (December 2021-December 2020), natural gas prices jumped 135.7%, electricity prices by 45%, fuel oil by 34.1% and fuel by 21, 7%. Price increases were also recorded in the so-called household basket: lamb / goat meat (19.7%), edible oils (17.1%), olive oil (17%), potatoes ( 14.2%), pasta (7.6%), fresh fish. (6.7%), poultry (6.6%), cheese (5.5%), fresh fruit (5.5%), fresh vegetables (5.5%), bread (4.9%), veal (4.2%) and coffee (3.4%). However, over the period December-November, a slight de-escalation in prices was recorded for natural gas (-16.2%), heating oil (- 3%) and gasoline (1.5%). In contrast, price increases continued in electricity (5.2%), used cars (11.5%), new cars (1.3%), bread (0.7% ), pasta (6.6%), veal (2.3%), fresh fish (1.7%) and cheese (1.6%).

The statistics service attributed the 5.1% increase in the consumer price index in December to higher prices for food / drinks (4.3%), clothing / shoes (3%), housing (18%), durable goods (2.3%), transport (10.9%), education (0.9%), hotels (1.2%). Prices fell in healthcare (0.1%), communications (2.5%) and entertainment (0.6%).

Greece’s harmonized inflation rate increased by 4.4% in December compared to December 2020, compared to 4% in November and -2.4% in December 2020. On a monthly basis, the harmonized inflation rate increased 0.5% in December compared to November 2021.

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