Monetary economics

The Central Bank has not changed its 2023 inflation forecast and maintained its year-end consumer price index at 22.3 percent.

Harmonized inflation in Greece "fell" to 9.8% in October, according to Eurostat data. At the same time, the consumer price index in the eurozone increased by 10.7%, setting a new record.

The COVID-19 pandemic, beyond the public health crisis that it created, disrupted the supply chain internationally.

Ports were underfunctioning for a protracted period. Workers there were suspended, contracts were not executed, and therefore international transport was rocked by the pandemic.

Greece's annual headline consumer price inflation stayed negative for a ninth straight month in December, data from the country's statistics service ELSTAT showed on Thursday.

The reading was -2.3% year-on-year from -2.1% in November.

The data also showed EU-harmonized inflation at -2.4% from -2.1% in the previous month.

Turkey posted a 14.03% annual hike in consumer prices in November, the country's statistical authority said on Dec. 3. 

Annual inflation rate rose 2.14 percentage points in November, up from 11.89% in October, according to the Turkish Statistical Institute (TÜİK).

The consumer price index saw a 2.30% monthly increase, it added.

Greece's annual EU-harmonised inflation stayed negative in May at -0.7% year-on-year from -0.9% in April, statistics service ELSTAT data showed on Wednesday.

The data also showed headline consumer price inflation at -1.1% from -1.4% in the previous month.

Prices were led lower by housing and transport costs, telecommunications and consumer durables, the data showed.

Greece's annual EU-harmonised inflation fell to -0.9 percent in April from 0.2 percent in March, statistics service ELSTAT data showed on Friday.

Government lockdown in response to the coronavirus has triggered a slowdown in the country's economic activity and consumer spending. Higher food prices were more than offset by lower prices in housing, transportation and communications.

The consumer price index in March 2020 compared to February 2020 was 99.4%, i.e. the monthly inflation was -0.6%. The inflation rate since the beginning of the year (March 2020 compared to December 2019) has been 0.4% and the annual inflation in March 2020 compared to March 2019 was 3.0%.

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.

Greece's annual EU-harmonised inflation rate accelerated in December, statistics service ELSTAT data showed on Monday.
The reading was 1.1 percent from 0.5 percent in November. The data also showed that headline consumer price inflation picked up to 0.8 percent from 0.2 percent in the previous month.