The annual rate was 4.6% inflation in March this year, up from 8.9% in March 2022, according to ELSTAT data.

On a monthly basis, inflation rose by 1.2% in March this year compared to February, against a rise of 2.7% between the corresponding months of 2022.

The average consumer price index for the twelve months from April 2022 to March 2023 compared to the corresponding twelve months from April 2021 to March 2022 showed an increase of 9.2% compared to an increase of 3.5%, fixed during the corresponding comparison for twelve months. months from April 2021 to March 2022 with twelve months from April 2020 to March 2021

Comparison of March and February

The increase in the total CPI by 1.2% in March 2023 compared to the corresponding index in February 2023 was mainly due to changes in the following groups of goods and services:

1. From an increase in indicators by:

• 0.1% in the “Food and non-alcoholic beverages” group, mainly due to higher prices for: bread and cereals, beef, pork, sausages, cheeses, canned or processed vegetables, coffee. Some of this growth was offset by price cuts mainly for: fresh fish, yogurt, olive oil, fresh vegetables.
• 1.2% in the group Alcoholic beverages and tobacco products, mainly due to higher prices for alcoholic beverages (not served).
• 29.4% in the “Clothes and Shoes” group due to the fact that some prices returned to the pre-winter sale level.
• 1.2% in the Durable Goods-Household goods and services group, which is associated with a return of prices to pre-winter sales levels and an increase in prices mainly for household direct consumption goods.
• 0.3% in the Health group, mainly due to higher prices in hospitals and polyclinics.
• 0.8% in the “Transport” group, mainly due to rising prices for: used cars, air passenger tickets. Part of this increase was offset by lower prices, mainly for diesel fuel.
• 0.6% in the Hotels-Cafes-Restaurants group, mainly due to price increases in restaurants-pastry-cafés, hotels-motels-hotels.
• 0.8% in the group “Other goods and services”, mainly due to higher prices for other personal care products.

2. From a decrease in performance by:

• 1.9% in the Housing group, mainly due to lower prices for: natural gas, fuel oil.
• 0.4% in the Communications group, mainly due to lower prices for telephone services

Comparison of March 2023 with March 2022

The increase in total CPI by 4.6% in March 2023 compared to the corresponding index in March 2022 was mainly due to changes in the following groups of goods and services:

1. From an increase in indicators by:

• 14.3% in the “Food and non-alcoholic beverages” group, mainly due to rising prices for: bread and cereals, meat (in general), fish (in general), dairy products and eggs, oils and fats, fruits (in in general), vegetables (in general), sugar-chocolate-candy-ice cream, other foodstuffs, coffee-cocoa-tea, mineral water-soft drinks-fruit juices.
• 3.7% in the group Alcoholic beverages and tobacco products, mainly due to higher prices for alcoholic beverages (not served).
• 14.4% in the “Clothes and footwear” group due to the increase in prices for clothing and footwear.
• 11.0% in the Durable Goods-Household goods and services group, due to rising prices mainly for: furniture and decorative items, household appliances and repairs, tableware and household utensils, household goods for direct consumption, household services.
• 5.6% in the Health group, mainly due to rising prices for: pharmaceutical products, medical products, medical, dental and paramedical services, inpatient treatment.
• 1.9% in the Transport group, mainly due to rising prices for: new cars, used cars, mopeds-motorcycles, auto parts and accessories, maintenance and repair of personal vehicles, tickets for taxi passengers, tickets for air passengers , tickets for passengers, transportation by water transport. Part of this increase was offset mainly by lower prices for fuels and lubricants.
• 2.9% in the Leisure-Cultural events group, mainly due to rising prices for: small leisure goods-flowers-animals, cinemas-theatres, stationery and design materials, tour packages.
• 2.2% in the “Education” group, mainly due to higher prices for: primary education fees, secondary education fees.
• 7.5% in the Hotels-Cafe-Restaurants group, mainly due to price growth in restaurants-pastry-cafés, hotels-motels-hotels.
• 6.2% in the “Other goods and services” group, mainly due to price increases in: hairdressers and personal care stores, other personal care items, health insurance premiums.

2. From decreasing the index by:

• 10.4% in the Housing group, mainly due to lower prices for: electricity, heating oil. Part of this growth was offset by rising prices mainly for: rental housing, home repairs and maintenance, utilities, natural gas, LPG, solid fuels.
• 1.9% in the Communications group, mainly due to lower prices for telephone services.

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