Food still costly, but price rises easing

Greece’s inflation rate dropped in April to 3%, its lowest level since October 2021. At the same time, food inflation remained high at 11.4%, and it is anticipated that this trend will last at least through the end of the first half of the year.

Business turnover soars 35%

Turnover of all businesses in the Greek economy approached half a trillion euros in 2022, far exceeding the turnover of both 2021 and 2019, before the pandemic.

Airport passenger numbers up 76% in Jan

Total passenger traffic at the country’s airports jumped by 76.3% in January compared to the same month last year and 3.1% compared to 2019, according to data from the Civil Aviation Authority.

New drop in inflation seen for January

Greek annual inflation rate is projected to slow to 7.2% in January from 7.6% in December 2022, with the inflation rate in the eurozone projected to fall to 8.5% from 9.2% over the same months respectively, Eurostat said in its flash estimate report.

Jobless rate stayed at 11.6% in December

Greece’s jobless rate stood at 11.6% in December, unchanged from an upwardly revised 11.6% in November, data from statistics service ELSTAT showed on Wednesday.

Positive employment balance in Jan-Oct

The balance of employment flows in the Greek economy was positive in the January-October period despite a negative balance in October – a typical phenomenon related to the end of the summer tourism season, the Labor Ministry’s online employment register (Ergani) showed.

Q2 2022 saw business turnover rise

As expected, business turnover rose significantly in the second quarter of 2022 (April-May) as activity approached normal levels compared to last year.

Inflation a bit lower inJuly, at 11.6%

After several months of continuous rise, annual inflation dropped slightly in July, to 11.6% from 12.1% in June, independent statistics authority ELSTAT announced Monday.

Trade deficit remains high

The trade deficit did not increase as steeply in June, but remains at very high levels, according to data released Friday by independent statistics authority ELSTAT.

Large percentage at risk of poverty, social exclusion

The percentage of Greece’s population at risk of poverty or social exclusion was 28.3% (2,971,200 people) in 2021, an increase of 0.9% compared to 2020, according to data from the Hellenic Statistical Authority (ELSTAT).