9th EU country sees inflation jump to double digits

Must read

$163 Billion of COVID Unemployment Money Either Stolen Or ‘Misspent’

A top watchdog for the Labor Department estimates that “at least” $163 billion in COVID unemployment funds were...

‘Never Trumper’ Liz Cheney Claims GOP Leadership ‘Enabling White Supremacy’

‘Never Trump’ Rep. Liz Cheney (R-WY) used the occasion of the horrific attack that killed 10 people at...

Surprise! Experts Worried Weapons Sent To Ukraine Might End Up In Enemy Hands

Last Tuesday, a $40 billion security-assistance package for Ukraine was approved with a 368 to 57 vote in...

Trump Withdrew American Soldiers From Somalia – Biden Is Sending Them Back

By Dr. Derek Ellerman Following roughly three decades of post-Cold War foreign policy consensus,...

Greece is the latest EU country to be hit with double-digit inflation, reaching the highest level since 1994.

Inflation in the country surged 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 registered in the cost of natural gas (122.6%), electricity (88.8%), diesel fuel for heating (65.1%), fuel lubricants (29%), and solid fuels (5.3%).

‘Food basket’ products have also risen in price. In particular, prices for oils and fats surged 22%, meat products – 14.1%, and vegetables – 13.8%. Dairy products and eggs jumped in price by 11.7%, while the costs of bread and cereals grew 10%. Prices for fresh fruit, and even coffee, cocoa, and tea increased 7.1%.

Apart from this, transportation, accommodation, restaurants, automobiles, restaurants, and even cinema tickets also showed price increases of various degrees.

With inflation surpassing 10%, Greece became the ninth country in the Eurozone in which official inflation has reached double digits, following 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 economy & finance visit RT’s business section

More articles

Latest article

$163 Billion of COVID Unemployment Money Either Stolen Or ‘Misspent’

A top watchdog for the Labor Department estimates that “at least” $163 billion in COVID unemployment funds were...

‘Never Trumper’ Liz Cheney Claims GOP Leadership ‘Enabling White Supremacy’

‘Never Trump’ Rep. Liz Cheney (R-WY) used the occasion of the horrific attack that killed 10 people at...

Surprise! Experts Worried Weapons Sent To Ukraine Might End Up In Enemy Hands

Last Tuesday, a $40 billion security-assistance package for Ukraine was approved with a 368 to 57 vote in...

Trump Withdrew American Soldiers From Somalia – Biden Is Sending Them Back

By Dr. Derek Ellerman Following roughly three decades of post-Cold War foreign policy consensus,...

Justice Clarence Thomas Issues Stark Warning After Unprecedented Leak Of Draft Opinion

Justice Clarence Thomas shared his disappointment in the loss of trust that the Supreme Court faces after the...