ELSTAT: At +11.4% the prices of food and non-alcoholic beverages, decline in annual inflation to 3%
A contraction of the annual inflation to 3% was shown in April 2023, according to the data published by the Hellenic Statistical Authority (ELSTAT).
Monday, May 29, 2023
From the comparison of the General Consumer Price Index (CPI) with the corresponding Index of April 2022, there was an increase of 3%, against the increase of 10.2%, which had been noted, during the corresponding comparison of the year 2022 with 2021.
The increase of General CPI by 3% came, among other things, from the increase in the index by 11.4% in the group Food and non-alcoholic beverages, mainly due to price increases in the following products: Bread and cereals, meats (general), fish (general) , dairy and eggs, oils and fats, vegetables (general), sugar-chocolate-sweets and ice-creams, coffee-cocoa-tea, mineral water-soft drinks-fruit juices and other foods. In addition, it also came from the 4% increase in the alcoholic beverages - and tobacco - group due mainly to an increase in the prices of non-served alcoholic beverages.
Index down 0.1% in Food and Non-Alcoholic Beverages in April 2023, compared to March
Also, the General CPI during April 2023, compared to March 2023, showed an increase of 0.6%, against an increase of 2.1%, which was noted during the corresponding comparison of the previous year. The increase in the General CPI by 0.6% in April 2023 reportedly came from, among other things, the decrease in the index by 0.1% in the Food and Non-Alcoholic Beverages group, due to a decrease in prices mainly in: cured meats, fresh fish, dairy and eggs, fresh vegetables. It is noted that part of this reduction was offset by the increase in prices mainly in: bread and cereals, beef, olive oil, sugar-chocolates-sweets-ice creams. In addition, it also came from the decrease of 0.3% in the Alcoholic beverages and tobacco group, mainly due to a decrease in the prices of non-served alcoholic beverages. As regards the average CPI for the twelve months May 2022 - April 2023, compared to the corresponding Index for the twelve months May 2021 - April 2022, there was an increase of 8.6% compared to an increase of 4.4%, which had been noted during the corresponding comparison of the twelve months of May 2021 - April 2022 with the twelve months of May 2020 - April 2021.
Source: Food Reporter #0950/2023-05-11