Greece: Harmonized inflation comes in at highest level since May in October
Harmonized inflation came in at 3.8% in October, which was up from September’s 2.4%. October’s reading was the highest inflation rate since May. Looking at the details of the release, prices for food and non-alcoholic beverages rose at a quicker pace in October. On the flip side, prices for transportation and prices for restaurants and hotels rose at softer rates.
Annual average harmonized inflation fell to 4.9% in October (September: 5.4%). Meanwhile, consumer price inflation rose to 3.4% in October, from the previous month’s 1.6%.
Lastly, harmonized consumer prices rose 0.11% in October over the previous month, slowing down from September’s 1.88% increase.