Inflation: Energy, food and transport prices rally in July

Ιnflation remains alive despite its slight decline during the month of July. Although last month's general price index fell to 11.6% from 12.3% in June, nevertheless based on the data by group of goods and services it appears that consumers were burdened with unprecedented price increases.

As in July, energy was, οf course, the main culprit. Compared to the corresponding month last year, the prices of natural gas increased by 178.9%, electricity by 55.8%, heating oil by 65.1% and fuel and lubricants by 33% .

The price hikes, however, continued in other staples such as food. Large increases were seen in oils and fats by 27.3%, bread and cereals by 16.7%, dairy and eggs by 16.4%, meats by 16.7% and vegetables by 13.4%. Explosive increases are recorded in the services sector with increases of 62.3% in plane tickets, 25.4% in ship tickets, 32% in taxis and 20% in the cost of accommodation in hotels and motels.

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However, the slight decline in the general consumer price index seems to have been to some extent due to the summer sales, since prices of "clothing - footwear" group products fell by 23.3%, as well as fuel and transport tickets, which fell by 0.9%.

According to Hellenic Statistical Authority-ELSTAT data, the increase in the general consumer index by 11.6% in July, compared to the corresponding index last year, came mainly from the increases in the indices by:

• 13.% in the group Food and non-alcoholic beverages, due to price increases mainly in: bread and cereals, meats (general), fish (general), dairy and eggs, oils and fats, vegetables (general), sugar - chocolates - sweets - ice creams, other foods, coffee - cocoa - tea, mineral water - soft...