kathimerini.gr
Greek Inflation Slows in December 2024
Greece's December 2024 consumer price index (CPI) increased 0.1% month-on-month and 2.6% year-on-year, a decrease from the 3.5% year-on-year increase in 2023; increases were noted in housing, clothing, and restaurants, while food and beverages decreased.
- What are the potential longer-term implications of these CPI trends for the Greek economy and its citizens?
- Continued monitoring of price changes in key sectors like housing and energy is crucial to understanding the trajectory of Greek inflation. The slowdown in food prices may be temporary, dependent on factors such as weather conditions and global commodity markets.
- Which specific goods and services contributed most significantly to the changes observed in the December 2024 CPI?
- The deceleration in inflation is primarily due to decreases in food and non-alcoholic beverage prices, partially offset by increases in housing, clothing and footwear, and restaurants and hotels.
- What were the key changes in Greece's consumer price index in December 2024 compared to the previous month and the same month of the previous year?
- In December 2024, Greece's consumer price index (CPI) rose 0.1% compared to November 2024, and 2.6% compared to December 2023. This represents a slowdown from the 3.5% year-on-year increase seen in 2023.
Sustainable Development Goals
The text details a 2.6% increase in the consumer price index in December 2024 compared to December 2023. This inflation disproportionately affects low-income households, exacerbating existing inequalities in access to essential goods and services such as housing, food, and transportation. Rising prices in areas like housing (3.7% increase), food (although some items decreased, others increased), and transportation (3.6% increase) directly impact the most vulnerable populations, hindering their ability to meet basic needs and widening the gap between rich and poor.