Greek February inflation rate rises to 3.1% due to increases in food and clothing costs

robot
Abstract generation in progress

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.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin