Greece

  According to the Hellenic Statistical Authority’s (ELSTAT) data, the Greek Consumer Price Index (CPI) fell by 1.1 percent in February. In addition, the rate of the deflation has decreased compared to last month. Deflation, which hit its historical low last...

Eurostat released on Thursday its final ''Consumer Price Levels'' report for the year 2018, showing that Greeks paid on average considerably more money to buy everyday essentials compared to most other Europeans. The report said that if the average price...

Inflation, or the adjusted index of consumer prices, showed an increase of 1.1 percent in November over levels of a year ago, according to Greek Statistical Authority (ELSTAT) data  published on Monday. The average annual inflation rate for the period...

University of Athens Associate Professor Prokopios Magiatis and his team have invented some unusual devices. Now, their latest innovation, the Olive Predictor, helps olive-oil producers determine the best time to harvest their olives to maximize the health benefits of their...

The Greek inflation rate fell 0.2 percent in March this year after several months of increases, the Hellenic Statistical Authority said this week. The statistics service, in a report, said that the consumer price index fell 0.2 percent in March...

Greece's consumer price inflation eased in December after accelerating in the previous month, figures from the Hellenic Statistical Authority (ELSTAT) showed Friday. Consumer prices climbed 0.7 percent year-over-year in December, slower than the 1.1 percent increase in November. The measure...

Greece's consumer price inflation accelerated in November after easing in the previous month, figures from the Hellenic Statistical Authority (ELSTAT) showed Friday. Consumer prices climbed 1.1% year-over-year in November, faster than the 0.7% increase in October. The measure has been...

Consumer spending in Greece has declined by 36 billion euros in seven years, with  the annual nominal consumer spending per capita in Greece being 12,940 euros, compared to the 21,413 euros of the euro zone average, according to Eurostat. Private...

Greek manufacturing activity expanded in September at the fastest pace in nine years, as rising demand at home led firms to hire more staff and increase output, a survey showed. Markit's Purchasing Managers' Index (PMI) for manufacturing, which accounts for...

It was June 27, 2015 when the finance minister at the time, Yanis Varoufakis, and the Greek government decided to impose capital controls in the midst of negotiations with creditors over the country's bailout. Two years ago on this date, Greek...

More than 315,000 pensions -- main and supplementary -- and retirement bonuses are overdue in Greece, according to a Kathimerini newspaper report. New pensions are one year overdue to recipients. The new pension laws, the merger of security funds, the...

Greek annual inflation rate rose to 1.7 pct in March this year, from 1.3 pct in February and -1.5 pct in March 2016, boosted by price increases in food products, alcohol, cigarettes, heating oil and transport. Hellenic Statistical Authority, in...

Greece's labour ministry on Friday tabled a last-minute amendment that aims to correct a problem that has arisen with the formula for calculating pensions, following an announcement by Greece's statistical agency ELSTAT earlier in the day that it lacked...

Despite the economic crisis, Greece shows the highest rise in food prices among the European Union's 28 member states, according to Eurostat. Figures released by the EU statistical authority show that food prices went up 2.9 percent compared to July,...

Prices of consumer goods dropped for the 26th consecutive month in Greece as deflation continues, according to figures by the Hellenic Statistical Authority (ELSTAT) issued on Friday. Greek consumer prices fell 2.1 percent in April compared to the same month...