Greek CPI jumps 7,2% in February
Greek CPI jumps 7,2% in February
  Economy  |  Greece  |  Data

Greek CPI jumps 7,2% in February

RE+D magazine
10.03.2022

Greek inflation on an upward trend recording an increase of 7.2% in February from 6.2% in January and a decrease of 1.3% in February 2021.

The average CPI for the twelve - month period from March 2021 to February 2022, compared with the corresponding index for the period March 2020 to February 2021 increased by 2.6%. 

The annual rate of change of the average CPI between the twelve - month period March 2020 to February 2021 in comparison to the period March 2019 to February 2020 was -1.6%.

According to ELSTAT, the 1.1% increase of the Overall CPI in February 2022, compared with the corresponding index in January 2022 is, mainly, due to the changes in the groups of goods and services as follows: 

1. An increase of: 

  • 2.0% in the group Food and non-alcoholic beverages, due to the increase, mainly, in the prices of: bread, beef, cheese, yoghurt, olive oil, fresh fruit, fresh vegetables, preserved or processed vegetables, potatoes. This increase was partly offset by the decrease, mainly, in the prices of: lamb and goat, fresh fish. 
  • 2.9% in the group Housing, due to the increase, mainly, in the prices of: electricity, heating oil. This increase was partly offset by the decrease, mainly, in the prices of natural gas. • 0.7% in the group Household equipment, due to the increase, mainly, in the prices of non durable household articles. 
  • 2.9% in the group Transport, due to the increase, mainly, in the prices of: new motorcars, fuels and lubricants, tickets for passenger transport by air. • 0.1% in the group Hotel-Cafés-Restaurants, due to the increase, mainly, in the prices of restaurants-confectioneries-cafes. 
2. A decrease of: 

  • 4.9% in the group Clothing and footwear, due to the period of winter sales.

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