City
Epaper

Greek inflation breaks 27-yr record

By IANS | Updated: April 9, 2022 12:40 IST

Athens, April 9 Greece's annual inflation rate soared to 8.9 per cent this March, breaking a 27-year record, ...

Open in App

Athens, April 9 Greece's annual inflation rate soared to 8.9 per cent this March, breaking a 27-year record, the Hellenic Statistical Authority (ELSTAT) announced.

In March 2021, inflation stood at minus 1.6 per cent, Xinhua news agency quoted ELSTAT as saying.

The increase is linked mainly to the rise in energy costs over the past year.

Electricity prices jumped by 79.3 per cent compared to a year ago, natural gas by 68.3 per cent and heating oil by 58.5 per cent.

Meanwhile, Greece has also repaid in advance the final tranche of its bailout loans from the International Monetary Fund (IMF) two years ahead of schedule.

A series of early repayments of IMF loans since 2019 have saved the country a total of 230 million euros in interest.

From 2010 to 2018, Greece had to rely on loans from the IMF and the eurozone to avoid bankruptcy amidst a severe debt crisis.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: XinhuaGreeceAthensGreHellenic statistical authority
Open in App

Related Stories

EntertainmentPrabhas Celebrates a Working Diwali as The RajaSaab Nears Wrap After Lavish Song Shoot in Greece

EntertainmentKarishma Kotak Rings in Her Mother’s Birthday and Pre-Diwali Celebrations in Greece

MumbaiMumbai Police Return Lost iPhone to Greece National Within 30 Minutes

Other SportsDr. Payal Kanodia Set to Represent India Again at the IUKL World Championship 2024 in Corfu, Greece

InternationalMajor UK Railway Stations Hit by Cyber Attack; Network Rail Suspends Wi-Fi Service

Politics Realted Stories

MaharashtraBig Jolt to Sharad Pawar as Salil Deshmukh, Son of Anil Deshmukh, Quits NCP-SP

PoliticsEknath Shinde Issues Strict No-Crossover Order After Meeting Amit Shah; Directive Communicated to All Shiv Sena Leaders

MaharashtraBMC Elections 2025: Devendra Fadnavis Says Clarity on Seat-Sharing Will Emerge in Two Days

NationalBJP Candidate Satish Kumar Leading Over Tejashwi Yadav in Raghopur Assembly Constituency

NationalBihar Assembly Election Results 2025: Tejashwi Yadav Leads, Tej Pratap Trails in Early Trends