9th EU country sees inflation soar to double digits — RT Business News


Greece is the latest EU country to be hit by double-digit inflation, hitting its highest level since 1994.
Inflation in the country soared to 10.2% year-on-year in April, from 8.9% the previous month, according to the Hellenic Statistical Authority (ELSTAT).

The largest increases were recorded for the cost of natural gas (122.6%), electricity (88.8%), diesel fuel for heating (65.1%), lubricating fuels (29 %) and solid fuels (5.3%).

The products of the “food basket” have also increased in price. In particular, prices for oils and fats jumped by 22%, meat products by 14.1% and vegetables by 13.8%. Dairy and egg prices jumped 11.7%, while bread and cereal costs rose 10%. Prices for fresh fruit and even coffee, cocoa and tea rose by 7.1%.
Apart from this, transportation, accommodation, restaurants, automobiles, eateries, and even movie tickets have also shown price increases in varying degrees.

READ MORE:
EU country sees highest inflation in decades

With inflation exceeding 10%, Greece became the ninth country in the euro zone where official inflation reached double digits, after Bulgaria (10.5%), Slovakia (10.9%), the – Netherlands (11.2%), Czech Republic (11.9%), Poland (12.3%), Latvia (13.2%), Lithuania (16.6%) and Estonia (19%).

For more stories on economics and finance, visit RT’s business section

You can share this story on social media:


RT

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button