Inflation in Greece up 2.9% in September 2024
Inflation in Greece up 2.9% in September 2024
  Economy  |  Greece  |  Data

Inflation in Greece up 2.9% in September 2024

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RE+D magazine
10.10.2024

The evolution of the Consumer Price Index (CPI) of September 2024 (reference year 2020=100.0) is depicted as follows: The CPI in September 2024 compared with September 2023, increased by 2.9%. In September 2023, the annual rate of change of the CPI was 1.6%.

According to ELSTAT the CPI in September 2024 compared with August 2024, increased by 1.8%. In September 2023, the monthly rate of change of the CPI was also 1.8%. 

The average CPI for the twelve - month period from October 2023 to September 2024, compared with the corresponding index for the period October 2022 to September 2023 increased by 3.0%. The annual rate of change of the average CPI between the twelve - month period October 2022 to September 2023 in comparison to the period October 2021 to September 2022 was 4.7%.

The 1.8% increase of the Overall CPI in September 2024, compared with the corresponding index in August 2024 is, mainly, due to the changes in the groups of goods and services as follows: 

 1. An increase of, 

  • 0.7% in the group Food and non-alcoholic beverages, due to the increase, mainly, in the prices of: poultry, fresh fruit, fresh vegetables, potatoes. This increase was partly offset by the decrease, mainly, in the prices of: pizza and quiche, pasta products and couscous, dried salted or smoked meat, fresh fish, fresh whole milk, cheese, oils and fats. 
  • 0.6% in the group Alcoholic beverages and tobacco, due to the increase, mainly, in the prices of alcoholic beverages (not served). 
  • 38.2% in the group Clothing and footwear, due to the recovery of prices up to normal levels as before the summer sales period. 
  • 0.9% in the group Housing, due to the increase, mainly, in the prices of: rentals for dwellings, electricity, natural gas. 
  • 0.4% in the group Household equipment, due to the increase, mainly, in the prices of domestic services. This increase was partly offset by the decrease, mainly, in the prices of non-durable household articles. 
  • 0.6% in the group Health, due to the increase, mainly, in the prices of: medical products, hospital care. 
  • 2.6% in the group Education, due to the increase, mainly, in the prices of: fees of pre-primary and primary education, fees of secondary education. 
  • 0.4% in the group Hotel-Cafés-Restaurants, due to the increase, mainly, in the prices of: restaurants-confectioneries-cafesbuffets, hotels-motels-inns. 
  • 0.5% in the group Miscellaneous goods and services, due to the increase, mainly, in the prices of other personal effects. 
2. A decrease of, 

  • 2.4% in the group Transport, due to the decrease, mainly, in the prices of: fuels and lubricants, tickets for passenger transport by air.