Inflation

Greece's annual EU-harmonized inflation slowed to 0.2 percent in March, statistics service ELSTAT data showed on Friday.

The data also showed headline consumer price inflation down a clip to 0.0 percent from 0.2 percent in the previous month.

The annual inflation rate kept steady at 3 percent this March, as food grew by 5.11 percent more expensive, service prices advanced 3.8 percent and non-food prices went up 1.39 percent, shows data released on Friday by the National Institute of Statistics (INS). March 2020 consumer prices were 0.5 percent higher compared to February and 1.16 percent up from December 2019.

Consumer prices in Turkey went up 11.86 percent in March compared to the same month last year, the Turkish Statistical Institute (TÜİK) announced on March 3.

The annual inflation rate in March was down from 12.37 percent the previous month, according to TÜİK.

The highest price rise last month was seen in alcoholic beverages and tobacco, surging 40.19 percent on a yearly basis.

Economists polled by Anadolu Agency on March 31 projected Turkey's inflation rate in March will come in at 11.81 percent, down from the previous month.

Inflation in February was 12.37 percent, and the Turkish Statistical Institute (TÜİK) is set to announce March's consumer price index on April 3.

European Union leaders said on Thursday night that they will do whatever is necessary to protect citizens from the Covid-19 pandemic but failed to agree on specific measures.

Coronavirus will change our lives in many ways, in Greece and across the globe. First of all, it will certainly make us poorer; at least in the short term. International experts estimate that Greece will experience a recession of between 3 and 4 percent. That estimate is based on the projection that Greece's tourism industry will suffer a 50 percent drop. 

The toughest job central banks face in the next five years is managing uncertainty. In the euro area, inflation is persistently low and the ammunition available to raise it is minimal. Meanwhile, structural changes, including the rise of the digital economy and its effects on productivity, and the threat to global open trade, imply that we do not know how the economy will work.

Greece's annual headline consumer price inflation slowed to 0.2 percent in February from 0.9 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
The figures also showed EU-harmonized inflation eased to 0.4 percent last month from 1.1 percent in January.

The collapse of the national currency, which has gone from 4.7 RON to 4.8 RON per euro, is worth 2 bani (the lowest subdivision of the Romanian currency, 100 bani equals 1 RON - e.n.), and presently it doesn't even reach that, said on Sunday Adrian Vasilescu, strategy consultant at the National Bank of Romania. "There is much talk these days.

The inflation rate in Turkey was recorded at 12.37 percent in February, the country's statistical authority announced on March 3. 

Last month's figure was up 0.22 percentage points from 12.15 percent in January, the Turkish Statistical Institute (TÜİK) said in a statement.