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Greek February inflation rate rises to 3.1% due to increases in food and clothing costs
Investing.com – Greece’s official statistical agency ELSTAT released data on Tuesday showing that Greece’s EU-harmonized inflation rate for February rose to 3.1% year-on-year, up from 2.9% in January.
On a monthly basis, consumer inflation increased by 0.3% in February.
The acceleration in inflation was mainly driven by rising costs in basic categories. Food and non-alcoholic beverage prices increased by 5.3% year-on-year in February, while clothing and footwear prices surged by 9.3% compared to the same period last year.
The EU-harmonized inflation index is used to measure the consistency of price changes among EU member states and to compare inflation rates across different countries within the EU.
ELSTAT also reported that Greece’s overall consumer inflation rate increased from 2.5% in January to 2.7% in February.
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