Eurostat

Greece overall inflation low but food prices are soaring

Greece's Harmonized Index of Consumer Prices was confirmed to have risen 3.5% year-on-year in July, up from 2.8% in June, by the European Union's statistics agency Eurostat. 

Despite the spike, Greek inflation is the sixth lowest among EU members: countries with lower inflation are Belgium (1.7%), Luxembourg (2%), Spain (2.1%), Cyprus (2.4%) and Denmark (3.2%). 

Food prices keep growing

Alarming data emerged for Greece from Eurostat's final data for June's European Union-harmonized consumer price index: Last month Greece recorded the highest monthly increase at 3.3% in prices in the food category not only in the eurozone, but throughout the European Union. In fact, the increase recorded in food prices in June compared to May was even higher than that in Turkey.

EU fossil fuels emissions lower thanks to gas crisis

Carbon dioxide emissions from energy use in the European Union fell by 2.8 percent last year, thanks to reduced use of natural gas following Russia's invasion of Ukraine, Eurostat has reported. 

The European Union's statistical agency said in a report that CO2 emissions from the 27 EU nations was almost 2.4 billion tonnes last year.

Goods made in Cyprus see prices grow

Industrial producer prices, which refer to the prices that producers receive for the products they make, increased by 2.4% in Cyprus in March 2023 compared to the previous month, according to the statistical office of the European Union, Eurostat. Meanwhile, prices decreased by 1.6% in the eurozone and by 1.5% in the EU during the same period.

Decrease in Production Prices in the EU in February - Biggest Drop in Bulgaria

Producer prices in the EU fell in February for the second month in a row since the beginning of the year, with the biggest drop on a monthly basis recorded by producer prices in Bulgaria, according to data from European official statistics. Meanwhile, annualized manufacturing inflation continued to ease in February from peaks reached in August 2022.

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