Greek inflation rate slowed to 11.6% in July
Greek inflation rate slowed to 11.6% in July from 12.1% in June and after an 1.4% reading in July 2021, Hellenic Statistical Authority said on Monday. More specifically, the statistics service said that significant price increases continued in natural gas (178.9%), heating oil (65.1%), electricity (55.8%), fuel-lubricants (33%), solid fuel (9%) and in the socalled “housewife’s basket”: oil/fat (27.3%), bread/cereals (16.7%), meat (16.7%), dairy/egg (16.4%), vegetables (13.4%), coffee-cocoa-tea (11.4%), other food (9.3%), sugar chocolatesweet-ice cream (5%), fish (3.6%), mineral water-beverage (3.5%) and alcohol (3.3%).
Price increases were also recorded in air travel (62.3%), taxi (32.9%), sea travel (25.4%), hotels (20%), used cars (15.9%), new cars (12.4%), cinemas-theater (13.9%), holiday package (11.4%), furniture (7.2%), car parts (5.3%), home equipment (5.3%), restaurants (4.6%), medical products (3.7%), clothingfootwear (3.4%), education (1.4%), house rent (0.9%) and textiles (0.1%).
The 11.6% increase in the annual consumer price index in July, reflecting index increases in food/beverage (13%), alcohol/tobacco (1.5%), clothing-footwear (3.4%), housing (30.9%), durable goods (8.2%), health (0.7%), transport (20.6%), entertainment (2.0%), education (0.9%), hospitality (6.4%) and other goods and services (2.5%). Only the telecommunications group recorded a decline (-2.1%).
Greece’s harmonized inflation rate rose 11.3% in July from 11.6% in June. On a monthly basis, the harmonized inflation rate fell 1.6% in July from June 2022.
Greek stocks end 1.31% up
Greek stocks rebounded after Friday’s sell-off, finding support to an upward trend prevailing in other European markets, although trading conditions remained thin on Monday, in typical summer-lull mood.
The general index of the market rose 1.31% to close at 860.32 points, with the Large Cap index rising 1.37% and the Mid Cap index ending up 0.47%.
Turnover was a thin 39.45 million euros in volume of 18,352,296 shares. Ellaktor (7.02%), Lamda Development (5.36%) and Piraeus Bank (4.56%) scored big gains among blue chip stocks, while Sarantis (-1.45%) and PPC (-0.43%) suffered losses. Among market sectors, Real Estate (4.75%) and Constructions (2.58%) moved up, while Commerce (-0.54%) and Utilities (-0.21%) moved down. Alpha Bank and Eurobank were the most heavily traded securities of the day.
Broadly, advancers led decliners by 72 to 36, with another 30 issues unchanged. Sato (19.23%) and ANEK (17.19%) were top gainers, while Lavipharm (-10.14%) and Fieratex (-5.17%) were top losers.
ΑΠΕ, General Consulate of Tampa
photo https://pixabay.com/el/
