Greece's July Inflation Eases to 3.4% as Housing Costs Jump 8.8%
Updated
Updated · tovima.com · Aug 8
Greece's July Inflation Eases to 3.4% as Housing Costs Jump 8.8%
2 articles · Updated · tovima.com · Aug 8
Summary
ELSTAT put July annual inflation at 3.4%, down from 4.4% in June, while the consumer price index fell 1.4% month on month as summer sales cut prices.
Housing drove the biggest share of price pressure, rising 8.8% year over year and adding 1.33 percentage points to the index; rents climbed 6.8% and natural gas 16.7%, though electricity fell 2.2%.
Fuel and transport costs stayed acute, with diesel up 22.1%, gasoline 13.3% and airfares 17.5% from a year earlier; diesel also rose 12.1% from June.
Food inflation was limited to 0.4% overall because steep drops in olive oil and fruit offset gains in beef, lamb and dairy, but 12-month average inflation still accelerated to 3.3% from 2.6% a year earlier.