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The wave of increases continues unabated and consumers are faced with a barrage of successive price increases. Inflation jumped from 2.2% in September to 3.4% in October, reflecting a surge in energy. Heating oil, gas and electricity in a month rose by more than 18%.
According to an Open TV report, compared to October last year as shown by ELSTAT data, this October the cost of natural gas increased by 132%, heating oil by 46% and electricity by 19%.
The president of the Consumer Institute (INKA), George Lechouritis emphasizes that in addition to energy increase there is also an increase in basic goods and consumer products. Consumers reported that they used to do the month’s shopping with € 200, while now the cost for their basic needs exceeds € 300 per month.
According to the report, olive oil compared to the previous October has increased by 22.1%, lamb 16.3%, vegetables 9.3% and poultry 8.5%. In recent weeks, the price of beef has started to rise, reaching 10%, according to the butchers.
Continuing until the end of the year.
According to people in the market, price increases across the range of products, food detergents and stationery will continue unabated at least until the end of the year. Finance Minister Christos Staikouras predicted a rise in inflation of more than 4%. “It is likely that we will have an upward trend in the next two months. We will probably spend 4% “he noted, speaking to SKAI 100.4.
SYRIZA Finance Minister Efi Ahtsioglou spoke of a “new spike in inflation under Mitsotakis’ control”
Market participants estimate that the cost of energy spent by industries to produce products will gradually pass into prices from next month.
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