Greek inflation nearly double eurozone’s

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Greece’s harmonized consumer inflation, which can be directly compared to other eurozone members’, was almost double the 20-member eurozone’s in July, at 3.7% versus a eurozone average of 2%, European statistics agency Eurostat has revealed.

Among all 27 EU members, inflation averaged 2.4%, Eurostat said.

Greece was in joint seventh place among the 27, trailing Estonia, Latvia, Hungary, Romania, Croatia and Slovakia, and equaling Austria.

The highest year-on-year rise was in services (5.2%) and energy prices were up 0.7%, while in the eurozone they were down 2.4%.

The national consumer price index released by national statistics agency ELSTAT reached 3.1% year-on-year in July. In that index, the greatest hikes were seen in clothing and footwear (8.4%), housing (6.6%), and hotels-cafes-restaurants (6.6%).