Inflation rises 3.4% in October, ELSTAT says

The consumer price index rose by 3.4% in October 2023 compared to 1.6% in September and 9.1% in the same month last year. Excluding the very large drop in the price of natural gas within a year (60.5%), food items rose further by 9.9%, with oil and fat prices rising 26%. On a monthly basis, inflation increased by 0.6%, with olive oil prices rising by 14.1%.

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More specifically, between October 2023 and October 2022, the following price increases were recorded: bread and cereals (3.7%), meat (8.3%), fish (6.9%), dairy products and eggs (7%), oils and fats (26%), fruits (20.5%), vegetables (12.3%), sugar - chocolates - sweets - ice creams (8.2%), other foods (9.1 %), coffee - cocoa - tea (7.3%), mineral water - soft drinks - fruit juices (14.3%) and alcoholic drinks (6%).

Prices decreased in natural gas (60.5%), fuels and lubricants (6.2%), telephone services (3.6%) and audio-visual equipment - computers - repairs (1%).

On a monthly basis, apart from the 14.1% increase in olive oil, new price increases were also recorded in: bakery products (1.8%), meat (0.6%), dairy products and eggs (2.4%), fresh fruits (8%), sugar - chocolates - sweets - ice creams (1.6%), coffee (1.9%), clothing and footwear (0.6%), house rents (0,3%), natural gas (3.9%), heating oil (12.7%), household consumer goods (1.2%), air passenger transportation (4.2%), higher education (2.8%), restaurants-patisseries-cafes-canteens (0.2%) and other types of personal care (1.5%).

Prices decreased in: fresh vegetables (2.1%), preserved or processed vegetables (1.4%), car fuel - gasoline (5%) and hotels - motels - inns (9.3%).