Thursday , March 28 2024
Kwork.ru - услуги фрилансеров от 500 руб.
Home / WORLD / 9th EU country sees inflation jump to double digits

9th EU country sees inflation jump to double digits

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).

Kwork.ru - услуги фрилансеров от 500 руб.

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.

READ MORE: EU nation sees highest inflation in decades

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

© 2022, paradox. All rights reserved.

Check Also

Moscow concert hall death toll reaches 140

A person seriously hurt in the terrorist attack near Moscow last Friday has died from …

Leave a Reply

Your email address will not be published. Required fields are marked *