Price indices

In February 2024, inflation in the Eurozone slowed down to 2.6% on an annual basis from 2.8% in January, but slightly more than anticipated, as preliminary data from Eurostat indicates.

Every month, the Consumer Price Index (CPI) increased by 0.6% in February compared to the previous month when it decreased by 0.4%.

The commercial property prices in Türkiye increased by 98.2 percent in the final quarter of 2023 from the same period of the previous year, the Central Bank has said.

The bank started to publish the commercial property prices for the first time on Feb. 26.

Cyprus' Harmonized Index of Consumer Prices accelerated slightly to 2.1% year-on-year in January, up from December's annual reading of 1.9%, the Cyprus Statistical Service said on Thursday.

The HICP in January amounted to 112.67 units from 114.09 the month before recording a monthly drop of 1.2%.

In January Greece had the highest food inflation, not only among the member-states of the eurozone, but also among the 27 member-states of the European Union.

Price reductions in supermarket items will be visible to consumers as of early March, due to the implementation of measures by the Development Ministry, while as market executives commented to the Athens-Macedonian News Agency, it is considered certain that the goal of reducing food inflation will be achieved.

At the end of 2023, household expenses increased by 19.1%, with the majority spent on food - approximately one-third of all expenditures. This is indicated by the data from the National Statistical Institute (NSI).

Household incomes

The measure banning special offers on retail products whose prices have been hiked is being extended to more products, concerning those with an increase after January 10, 2024, in an apparent effort by the Development Ministry to reduce inflation as high prices remain the biggest problem for citizens.

Retail prices in Istanbul rose by 6.7 percent in January from a month earlier, accelerating from the 3.5 percent monthly increase recorded in December 2023.

The annual increase in retail prices quickened from 74.9 percent to 76.2 percent, the data from the Istanbul Changer of Commerce (İTO) showed. 

In December 2023, Bulgaria continued its trend of a single-digit annual inflation rate for the seventh consecutive month, according to the National Statistical Institute (NSI). The report reveals a 0.3% monthly inflation rate, contributing to an annual inflation rate of 4.7% compared to December 2022.

The State Commission for Commodity Exchanges and Wholesale Markets in Bulgaria has reported a noteworthy 0.27% decline in the wholesale food price index over a span of two weeks, settling at 2.246 points compared to the pre-holiday figure of 2.252 points.