European Central Bank policymaker Yannis Stournaras said on Tuesday that consensus was building within the European Central Bank for a rate cut in June, if inflation develops as projected.
INFLATION
The government is redesigning the e-katanalotis platform so that the consumer knows the exact cost of the products they want to buy at supermarkets around their home and where they will find the cheapest prices, Development Minister Kostas Skrekas said on Thursday speaking to ANT1 TV.
A 17% average decrease in starting prices for 100 menstrual products has been recorded as of Wednesday.
Katerina P. has a job that brings in around 1,500 euros a month. Up until a few years ago, this was a very decent amount that allowed her not just to survive in relative comfort, but also to have an active social life, to go out with friends for a meal or a drink, sometimes […]
Brisk business in midwinter for hotels as tourism season expands.
Greek consumers are increasingly turning to private label products as they strive to lower their supermarket bills in the face of persistently high prices, according to an annual phone survey conducted in January 2024 by the Marketing Lab of the Athens University of Economics and Business (AUEB), using a random sample of 1880 households.
The Lenten Basket of lower-priced goods for the Clean Monday holiday and the period of Orthodox Lent will be available as of Wednesday.
At first, prices were under pressure due to the gradual rise in energy prices starting in mid-2021.
One-third of Italians have reduced their consumption of extra virgin olive oil, a mainstay of the Mediterranean diet, due to skyrocketing prices, according to a survey released Friday.
Inflation in Greece stood at 2.9% last month, down from 3.1% in January 2024.
Inflation in Greece eased from 3.1% in January, ELSTAT data showed on Friday.
The European Central Bank is set to keep interest rates at record highs on Thursday and take baby steps towards cutting them in the coming months as inflation continues to fall despite stubbornly high underlying price pressures.
Average price reductions of 15% in certain product categories, due to the government’s measures, have been recorded since March 1, Development Minister Kostas Skrekas told Skai TV on Wednesday.
The Lenten Basket – with lower prices of goods consumed during the period of Lent – will be available from Wednesday, March 13 until May 4, according to the ministerial decision signed on Tuesday by Development Minister Kostas Skrekas.
Apartment prices in Greece rose by 13.4% in 2023, compared to an 11.9% rise in 2022, according to data by Bank of Greece published on Tuesday.
The Development Ministry is seeking to assign the role of “Big Brother” for 15,000 product codes to the e-katanalotis market monitoring platform.
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