Greece ranked 3rd in the EU in terms of food inflation in March, with growth more than double the European average

Greece took implicit successful March 3rd spot successful EU By food inflationand the terms summation turned retired to beryllium much than twice arsenic precocious arsenic the mean for European Union.

According to the data, nutrient ostentation amounted to 4.4% against 2.1% weight.

Where Greece is up of the EU – afloat list

• 1st spot successful the EU:
  • Baby nutrient – 7.1 times higher (5.7% versus 0.8%)
  • Rabbit nutrient is astir 3 times higher (9.1% versus 3.32%)
• 2nd spot successful the EU:
  • Vegetables – 6.6 times higher (9.2% versus 1.4%)
  • Cheese – maturation while falling successful the EU (3.5% versus -0.6%)
  • Air tickets are 5.2 times higher (21.8% versus 4.2%)
  • Housing attraction is 2.5 times higher (7.6% versus 3.1%)
• 3rd spot successful the EU:
  • Milk is 14.4 times higher (7.2% versus 0.5%)
  • Yogurt – 5.7 times higher (5.1% versus 0.9%)
  • Tea – 6.5 times higher (5.2% versus 0.8%)
  • Products successful wide are 2.1 times higher (4.4% versus 2.1%)
  • Road tolls are 2.8 times higher (6.5% versus 2.3%)
  • Lamb – maturation supra EU (14.1% versus 9.71%)
  • Communication technology – maturation while falling successful the EU (2.0% versus -1.5%)
• 4th spot successful the EU:
  • Water is 2.5 times higher (11.7% versus 4.6%)
  • Rent is 2.6 times higher (7.6% versus 2.9%)
  • Hotels – 3.3 times higher (8.5% versus 2.6%)
  • Seafood – 3.8 times higher (6.0% versus 1.6%)
  • Clothing – 6.2 times higher (3.1% versus 0.5%)
• 6th spot successful the EU:
  • Housing – 3 times higher (6.3% versus 2.1%)
  • Restaurants – supra EU (6.3% versus 4.0%)
  • Medical security is astir 2 times higher (7.0% versus 3.6%)
• 7th spot successful the EU:
  • Beef – supra EU (20.3% versus 16.72%)
  • Fruits – 2.1 times higher (7.0% versus 3.4%)

What does this mean successful practice?

Loud formulations “6–14 times higher” sound impressive, but successful information we are talking astir the information that growth successful the EU is minimaland successful Greece helium is already tangible.

And the occupation is not successful the multiplicity, but successful the information that maturation has go systemic.

Editorial comment

The “14 times higher” story sounds awesome – and that’s usually where it ends. But if you region emotions, the representation becomes overmuch much unpleasant.

The occupation is not the times oregon the large headlines. The occupation is that in Greece, terms maturation is systematically higher than successful Europe successful astir each basal categories.

And this is nary longer a statistical trick with a debased base, but a stable trend: products, housing, services – everything is becoming much costly faster than the EU average.

It is particularly important that successful a fig of positions Europe mostly demonstrates zero dynamics oregon declinewhile successful Greece prices proceed to rise. These are fundamentally antithetic economical regimes.

In fact, we are talking astir a gradual divergence successful surviving standards, when, with formally “European” inflation, the existent load connected households turns retired to beryllium overmuch higher.

And the main question present is nary longer the numbers, but however agelong such dynamics tin persist without consequences for depletion and κοινωνικά stability.

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