Key insights
- Greek inflation rose to 3.4% in March, driven by higher food and energy costs. While seemingly localized, persistent inflation in Eurozone countries could indirectly influence ECB policy, potentially delaying rate cuts and creating headwinds for global risk assets, including US equities.
Investing.com -- Greece’s annual EU-harmonised inflation rate climbed to 3.4% in March, up from 3.1% in February, according to data released Wednesday by the country’s official statistics service ELSTAT.
On a month-on-month basis, consumer inflation increased 2.1% in March.
The data showed that food and non-alcoholic beverage prices rose 4.3% year-on-year in March. Housing, water, electricity, gas and other fuel costs increased 6.3% during the same period.
ELSTAT also reported that Greece’s headline consumer inflation rate rose to 3.9% in March, compared to 2.7% in February.
The EU-harmonised inflation index measures price changes using components standardized across the European Union to ensure consistent inflation tracking among member states.
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