Greece's inflation hits 29-yr record in May-Xinhua

Greece's inflation hits 29-yr record in May

Source: Xinhua| 2022-06-09 20:12:30|Editor: huaxia

ATHENS, June 9 (Xinhua) -- Greece's annual inflation rate jumped to 11.3 percent in May this year, reaching a 29-year record for the country.

The increase is linked to a large extent to the rise in energy costs over the past year, the Hellenic Statistical Authority (ELSTAT) said on Thursday.

Natural gas prices increased by 172.7 percent compared to a year ago, electricity prices by 80.2 percent and heating oil by 65.1 percent.

Furthermore, a 35-percent hike was reported in costs of housing, 18.8 percent in transportation and 12.1 percent in food and non-alcoholic beverages, according to ELSTAT's data.