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.
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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%).
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