Greek EU-harmonized inflation rises to 3.5% y/y in July
The investment projects contracted under the Recovery and Resilience Fund now number 145, out of a total of approximately 400 investment projects submitted to banks for financing. The loan agreements already signed have a total budget of more than €6 billion, of which the loans from the Recovery Fund comprise about €2.5 billion, some €2.1 billion is loans from banks and €1.5 billion is equity capital from businesses. Athens will immediately submit, possibly on Tuesday, the request for the disbursement of one more tranche, the third, while the procedures to increase the loans by €5 billion and grants by €800 million are progressing.
Greece’s annual EU-harmonized inflation accelerated to +3.5% in July from +2.8% in June, data showed on Tuesday.
EU-harmonized inflation is an index of components that is used across the EU to measure inflation in a consistent way.
Official statistics service ELSTAT also reported that headline consumer inflation in July rose to +2.5% from a downwardly revised +1.8% in June. [Reuters]
