According to the data published by the Hellenic Statistical Authority (ELSTAT), annual inflation in Greece fell to 2.9% in February 2024, from 3.1% in January.
With information from protothema, the increase of the General CPI by 2.9% in the month of February 2024, compared to the corresponding Index of February 2023, came mainly from the changes in the following groups of goods and services:
1. From the increases of the indicators by:
• 6.7% in the group Food and non-alcoholic beverages, due to price increases mainly in: bread and cereals, meats (general), fish (general), olive oil, fruits (general), vegetables (general), sugar-chocolates- sweets-ice creams, other foods, coffee-cocoa-tea, mineral water-soft drinks-fruit juices. Part of this increase was offset by the decrease in prices mainly in dairy and eggs.
• 2.4% in the Alcoholic beverages and tobacco group, due mainly to an increase in prices of alcoholic beverages (not served). • 1.3% in the Clothing and footwear group, due to price increases in clothing and footwear.
• 1.6% in the group Durable goods-Household goods and services, mainly due to price increases in: furniture and decorations, household goods, household services.
Closure
• 3.5% in the Health group, mainly due to price increases in: pharmaceutical products, medical-dental and paramedical services, hospital care. Part of this increase was offset by the decrease in prices mainly in medical products.
• 0.5% in the Transportation group, mainly due to price increases in: new cars, used cars, car parts and accessories, maintenance and repair of personal transportation equipment. Part of this increase was offset by the decrease in prices mainly in fuel and lubricants, air passenger tickets.
• 2.9% in the Leisure-Cultural activities group, due to price increases mainly in: information processing equipment, small leisure items-flowers-pets, cinemas-theatres, package holidays.
• 3.5% in the Education group, mainly due to price increases in: preschool and primary education fees, secondary education fees, tertiary education fees.
• 6.5% in the Hotels-Cafes-Restaurants group, mainly due to an increase in prices in: restaurants-patisseries-cafes-canteens, hotels-motels-inns.
• 1.7% in the Other goods and services group, mainly due to price increases in: hair salons and personal care stores, health insurance premiums, vehicle insurance premiums. Part of this increase was offset by the decrease in prices mainly in other types of personal care.
2. From the reductions of the indicators by:
• 0.3% in the Housing group, mainly due to a decrease in prices in: electricity, natural gas. Part of this decrease was compensated by the increase in prices mainly in: house rents, house repair and maintenance, heating oil, solid fuels.
• 1.9% in the Communications group, mainly due to a decrease in prices for telephone services.
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