Price increase wave persists

The nationalist user terms scale is estimated to person grown by astir 5% successful April compared to the aforesaid clip past year, with the authoritative announcements expected connected Friday by the Hellenic Statistical Authority (ELSTAT).

Eurostat has already announced its estimates connected the European Union-harmonized scale since past week, describing an yearly summation of 4.6% successful Greece.

Significant increases are expected successful some substance prices and nutrient and a scope of services, chiefly those related to transport. On Thursday, though, the Research Institute for Retail Consumer Goods (IELKA) announced that prices successful ample supermarkets accrued by 2.23% successful April compared to a year ago.

Hikes were recorded successful 14 of the 23 categories monitored by IELKA, which ranged from 0.57% successful food products to 11.96% successful effect and vegetables, which IELKA attributes to adverse weather conditions. Significant increases, however, are observed successful a fig of different products, such arsenic babe and children’s nutrient (7.43%), acold cuts (7.11%), and meal items (3.56%), an constituent that shows that imposing a ceiling connected the nett borderline is not a measurement susceptible and sufficient to forestall terms hikes.

The information that substance prices remained astatine very precocious levels passim April – skyrocketing transportation costs and wide accumulation costs – while the aforesaid happened to the prices of galore earthy and secondary materials, resulted successful ample increases successful shaper prices successful industry. It besides resulted successful increases successful agriculture and livestock, arsenic Greece remains importantly babelike connected imports not lone of oil, but besides of a multitude of earthy and secondary materials. Even if these person not been afloat and instantly passed connected to user prices, this will happen, albeit gradually, successful the coming play – depending connected the resilience of industry, wholesalers and retailers – maintaining inflationary pressures for a agelong play of time.

ELSTAT said past week that the shaper terms scale successful manufacture roseate successful March by 8.3% compared to March 2025.