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Greek inflation rose to 1.8 pct in October

Greek inflation rose to 1.8 pct in October

The Greek annual inflation rate rose to 1.8 pct in October from 1.1 pct in September and 0.7 pct in October 2017, Hellenic Statistical Authority said on Friday.

The statistics service, in a monthly report, attributed this development largely to big increases in fuel and telephone services. More specifically, the 1.8 pct rise in the consumer price index was attributed to price increases in food/beverage (2.0 pct), alcohol/tobacco (1.2 pct), housing (3.7 pct), health (0.8 pct), transport (4.3 pct), communications (4.3 pct), hotel/restaurants (1.3 pct). On the other hand, prices fell 0.9 pct in clothing/footwear, 1.3 pct in durable goods, 0.9 pct in entertainment, 0.9 pct in education and 0.1 pct in other goods and services.

The consumer price general index rose 0.8 pct in October from September 2018, after a 0.1 pct rise recorded in the corresponding period last year.

Greece’s harmonised inflation rate rose to 1.8 pct in October from 1.1 pct in September and 0.5 pct in October 2017. On a monthly basis, the harmonised inflation rate rose 0.5 pct in October from September.

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