Economics

NSI: Average Annual Inflation Rate at 2,3% for September 2018 to September 2019

The National Statistics Institute on October 15 reported an increase in the prices of food and some services as at the end of September on an annual basis. On a monthly, there is a reduction.

The average annual inflation rate for the period is at 2.3%. This shows how much the Consumer Price Index has grown from September 2018 to September 2019.

"As early as of December, the average salary will amount to 500 euros"

He said in an interview for daily "Blic" that the increase in the public sector would follow from the November salary, which is paid in December.
"Talks with the IMF are currently underway, and we are encouraged by a budget surplus of RSD 46.6 billion in August," Mali said.

Experienced economist appointed Greek PM's chief adviser

Alexis Patelis, an experienced economist is to undertake the role of chief economic adviser to Prime Minister Kyriakos Mitsotakis, it was announced on Monday.

Patelis secured a doctorate in economics from Princeton University where he studied under the former Federal Reserve chief Ben Bernanke after post-graduate studies in the UK.

Annual inflation rate up to 4.1 pct in July (INS)

The annual inflation rate rose to 4.1 pct, in July this year, from 3.84 pct in June, due to the 15-percent price hike in food commodities, in services by 4.11 percent and non-food goods by 3.44 pct, according to data from the National Institute of Statistics (INS) published on Monday. "Consumer prices in July 2019 compared to July 2018 increased by 4.1 pct.

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