The data highlight the pressure on Greek households, as price hikes continue across multiple sectors. Food prices rose by 2.8%, with significant increases noted in bread, cereals, meats, fresh fish, and vegetables. Clothing prices surged by 6.2%, while housing costs were up by 5.5%, driven by rising rents, electricity, and heating oil.
Inflation breakdown by sector:
- Food and non-alcoholic beverages: Up 2.8%, driven by rising costs for essentials like bread, cereals, meats, olive oil, and fresh vegetables. Some of these increases were slightly offset by price drops in pizzas, dairy products, eggs, and fresh fruits.
- Alcoholic beverages and tobacco: Increased by 0.7%, primarily due to higher prices for alcoholic drinks.
- Clothing and footwear: Up by 6.2%, reflecting broad price rises in both categories.
- Housing: Rose by 5.5%, largely due to rising rents, electricity, natural gas, and heating oil. Some relief came from lower municipal fees.
- Health: Up by 3.1%, with higher costs for pharmaceutical products and medical services, although medical product prices fell slightly.
- Transportation: Up by 1.5%, with higher prices for new cars, maintenance, and airfares, partially offset by lower fuel costs and used car prices.
- Communications: Increased by 0.4%, due to higher telephone service costs.
- Leisure and cultural activities: Rose by 1.4%, driven by price hikes in leisure goods, cultural services, and holiday packages, though prices for audio-visual equipment decreased.
- Education: Up by 3.5%, reflecting increased fees across all levels of education.
- Hotels, cafes, and restaurants: A sharp rise of 6.6%, with price increases in dining out and accommodation services.
- Other goods and services: Rose by 1.9%, driven by higher costs for personal care services and insurance premiums.
Despite these rises, some sectors saw price declines. Household items and services fell by 0.9%, reflecting cheaper household goods, though this was partially offset by higher prices for furniture and household services.
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