Inflation increased to 3% on an annual basis in August according to the data of ELSTAT, which is happening for the 4th month in a row. The figures show significant price increases, 6.5% in clothing and footwear, but also in the “housing” category, where prices are running at 5.5%.
Regarding food, olive oil is 49.1% more expensive, cereals 11.2% and fish 11.3%. In natural gas, price increases reach 28%, while air tickets cost 27.3% higher. 14% appreciations were noted in health insurance premiums, while the vacation package recorded an increase of 7.2%.
In particular, the General Consumer Price Index in August 2024, compared to July 2024, showed an increase of 0.3%. Harmonized inflation runs the same period at a rate of 3.2%.
The accusations
In more detail, the increase in inflation on an annual basis is:
Of the increases in indicators by:
- 2.8% in the group Food and non-alcoholic beverages, due mainly to price increases in: bread, breakfast cereals, meats (general), fresh fish, olive oil, dried fruits and nuts, fresh vegetables, preserved or processed vegetables, sugar -chocolates-sweets-ice creams, mineral water-soft drinks-fruit juices. Part of this increase was offset by the decrease in prices mainly in: pizzas and pies, dairy and eggs, fresh fruit, frozen vegetables, potatoes, other food.
- 0.7% in the group Alcoholic beverages and tobacco, due mainly to an increase in prices of alcoholic beverages (not served).
- 6.2% in the Clothing and Footwear group, due to price increases in clothing and footwear.
- 5.5% in the Housing group, mainly due to price increases in: house rents, house repair and maintenance, electricity, natural gas, heating oil. Part of this increase was compensated by the reduction of prices mainly in municipal fees.
- 3.1% in the Health group, mainly due to price increases in: pharmaceutical products, medical-dental and paramedical services, hospital care. Part of this increase was offset by the decrease in prices mainly in medical products.
- 1.5% in the Transportation group, mainly due to price increases in: new cars, auto parts and accessories, maintenance and repair of personal transportation equipment, other services related to personal transportation, air passenger tickets. Part of this increase was offset by the decrease in prices mainly in: used cars, fuel and lubricants.
- 0.4% in the Communications group, mainly due to an increase in the prices of telephone services.
- 1.4% in the Leisure-Cultural activities group, due to price increases mainly in: small leisure items-pets, entertainment and cultural services, newspapers-books and stationery, package holidays. Part of this increase was offset by a decrease in prices mainly in audio and video processing equipment.
- 3.5% in the Education group, due mainly to price increases in: pre-school and primary education fees, secondary education fees, tertiary education fees.
- 6.6% in the Hotels-Cafes-Restaurants group, mainly due to an increase in prices in: restaurants-patisseries-cafes canteens, hotels-motels-inns.
- 1.9% in the Other goods and services group, due mainly to price increases in: hair salons and personal care stores, other personal items, health insurance premiums, vehicle insurance premiums. Part of this increase was offset by the decrease in prices mainly in other types of personal care.
Of the reductions in indicators by:
-0.9% in the group Durable goods-Household items and services, mainly due to a decrease in prices of items of immediate household consumption. Part of this decrease was offset by the increase in prices mainly in: furniture and decorative items, household services.
Source: ot.gr
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