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Economy

Greek Annual Inflation Rate Jumped to 12.1% in June

ATHENS – Greece’s statistical service said Friday that June inflation climbed to its highest level in nearly three decades, 12.1% on an annual basis, up from 11.3% in May. Energy, fuel and transport prices showed the greatest increases.

The Greek annual inflation rate rose to 12.1% in June from 11.3% in May, Hellenic Statistical Authority announced. More specifically, the statistics service said that the consumer price index rose 1.6% in June from May. The food/beverage group recorded a 12.6% increase, alcohol/tobacco rose 0.9%, clothing-footwear rose 4.6%, housing jumped 31.5%, durable goods rose 6.5%, health prices were up 0.6%, transport jumped 25%, entertainment rose 1.7%, education was up 0.9%, hospitality prices rose 6.5% and other goods and services prices rose 2.3%. Telecommunications prices were down 2.3%.

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