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Greek Inflation Jumps to 10.2% Y/y in April, Hits 28-year High
Published by Wanda Rich
Posted on May 10, 2022
1 min readLast updated: February 7, 2026
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Published by Wanda Rich
Posted on May 10, 2022
1 min readLast updated: February 7, 2026
Add as preferred source on GoogleATHENS (Reuters) – Greece’s annual consumer inflation jumped to its highest level in 28 years in April at 10.2% on the back of surging costs for energy, housing, transportation and foods, official data showed on Tuesday.
ATHENS (Reuters) – Greece’s annual consumer inflation jumped to its highest level in 28 years in April at 10.2% on the back of surging costs for energy, housing, transportation and foods, official data showed on Tuesday.
Price growth was 8.9% in March, according to statistics service ELSTAT.
Greece’s annual EU-harmonised inflation also rose sharply to 9.1% in April from 8.0% in March, further squeezing disposable incomes.
EU-harmonised inflation is an index of components used across the EU to measure inflation in a consistent way.
Natural gas prices soared 122.6% on an annual basis, while electricity prices increased 88.8%, ELSTAT said.
The cost of housing rose 35.2% year-on-year, transportation prices were up 15.4% with foods and non-alcoholic beverages 10.9% more expensive, the data showed.
(Reporting by George Georgiopoulos; Editing by Raissa Kasolowsky)
Inflation is the rate at which the general level of prices for goods and services rises, leading to a decrease in purchasing power.
Consumer inflation measures the change in prices that consumers pay for a basket of goods and services over time.
EU-harmonised inflation is a standardized measure of inflation used across the European Union to ensure consistency in data reporting.
Energy prices refer to the costs associated with the consumption of energy sources, such as natural gas and electricity, which can significantly impact inflation.
Disposable income is the amount of money that households have available for spending and saving after income taxes have been deducted.
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