Greece: Inflation picks up in November from the prior month
Latest reading: Harmonized consumer prices were up 2.8% on a year-on-year basis in November, following a 1.6% rise in the prior month.
Relative to the previous month’s figures, there were higher price pressures for food and non-alcoholic beverages (+3.0% in annual terms vs +2.6% in October), housing and utilities (+4.7% vs +2.4% in October) and restaurants and hotels (+6.3% vs +1.4% in October). In contrast, there were milder price pressures for transportation (+0.7% vs +1.0% in October) and recreation (+1.2% vs +1.6% in October).
Meanwhile, consumer prices rose 2.4% on a year-on-year basis in November, following a 2.0% increase in the prior month.
Finally, harmonized consumer prices were down 0.06% in November on a month-on-month basis, following a 0.09% fall in the prior month.