The inflation rate in Greece jumped to 5,1% in December from 4,8% in November and -2,3% in December 2020, for an average increase of 1,2% in 2021 after a decline of 1,2% in 2020, Hellenic Statistical Authority said on Thursday.
More specifically, within a year (December 2021-December 2020), natural gas prices soared 135.7%, electricity prices jumped 45%, heating oil was up 34,1% and fuel up 21,7%. Price increases were also recorded in the so-called household basket: lamb/goat meat (19,7%), edible oils (17,1%), olive oil (17%), potatoes (14,2%), pasta (7,6%), fresh fish (6,7%), poultry (6,6%), cheese (5,5%), fresh fruit (5,5%), fresh vegetables (5,5%), bread (4,9%), veal (4,2%) and coffee (3,4%). However, in the December-November period a slight de-escalation of prices was recorded in natural gas (-16,2%), heating oil (-3%) and petrol (1,5%). On the other hand, price increases continued in electricity (5,2%), used cars (11,5%), new cars (1,3%), bread (0,7%), pasta (6,6%), veal (2,3%), fresh fish (1,7%) and cheese (1,6%).
The statistics service attributed the 5,1% increase in the consume price index in December to price increases in food/beverage (4,3%), clothing/footwear (3%), housing (18%), durable goods (2,3%), trasnport (10,9%), education (0,9%), hospitality (1,2%). Prices fell in health (0,1%), communications (2,5%) and entertainment (0,6%).
Greece's harmonized inflation rate rose 4,4% in December from December 2020, up from 4% in November and -2,4% in December 2020. On a monthly basis, the harmonized inflation rate rose 0,5% in December from November 2021.
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