Thursday, 26 August 2010

Greek inflation rises high level 13

Inflation in Greece increased in July to 5.5 percent, the highest in 13 years, the authority of statistics of Greece, said on Friday.

Price index (CPI) consumer in Greece ruined by debt amounted to 5.2 percent in June.

The new figure is from year to year inflation highest since August 1997, marked, by adding that probably worsen consumer sentiment because the country is in deep recession in the middle of the efforts to emerge from a crisis acute debt analysts.

Due to increased tax implemented within the framework of an austerity plan to cope with the economic crisis, tobacco and alcohol prices jumped 19.2% on an annual basis that transport costs increased 18.4 per ciento.Los in July while clothing prices grew by 1.6 per cent.

Analysts expressed his fear that if inflation grows to six per cent or more in the following months, could derail efforts to cope with the crisis and the plans of the Government would be necessary to adjust.


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