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Normal Topic #Deflation Trend But How Come Costs are Going Up? (Read 876 times)
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GeraldinCrete

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#Deflation Trend But How Come Costs are Going Up?
12. Sep 2015 at 02:25
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... in Greece we're in continuing deflation according to Official statistics in Greece (Hellenic Statistical Authority) recently released.

Day to day costs extracted from August show that:

“On an annual basis, price increases were recorded in bread/cereals (3.2 pct), meat (1.9 pct), dairy/eggs (0.4 pct), sugar/chocolate/ice cream (5.0 pct), fresh potatoes (19.5 pct), fresh fruit (19.3 pct), fresh vegetables (8.8 pct), other food (5.7 pct), coffee/tea (10 pct), cigarettes (3.1 pct), electricity (0.7 pct), hospital (6.1 pct), combined passenger transport (10.6 pct), road transport (6.1 pct), air travel (7.7 pct), sea transport (6.9 pct), restaurant (1.7 pct) and hotels (2.3 pct).

On the other hand, price declines were recorded in bottled water/beverage (3 pct), clothing/footwear (6.8 pct), house rent (4.7 pct), heating oil (24 pct), natural gas (8.6 pct), textile products (10 pct), pharmaceuticals (6.2 pct), petrol (10.6 pct), theater (27.3 pct), newspaper/books (1.6 pct) and car insurance (11.8 pct).”

Full story. Two sources:
1.  http://www.statistics.gr/portal/page/portal/ESYE/PAGE-themes?p_param=A0515

2. http://www.phantis.com/news/greek-remains-deflation-august datelined Aug 10 quoting from government website.  Roll Eyes
  

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