Consumer Price Index

Food and services were the main culprits for the increase in the consumer price index, according to Eurostat

Traders are lookling ahead this week to the release of key U.S. inflation data and corporate earnings.

With Iran downplaying Israel's reported attack on the country, tensions between the regional rivals cooled.

While the situation remains tense, the lack of escalation over the weekend provided traders with an opportunity to pick up equities and helped push oil down.

The national inflation rate in Greece amounted to 3.2% in March climbing from 2.9% in February, the Hellenic Statistical Authority (ELSTAT) reported on Wednesday.

ELSTAT's data confirm the rising inflation picture shown by Eurostat's statistics, according to which European Union-harmonized inflation rose in Greece to 3.4% in March, from 3.1% in February.

Last month the price of olive oil in Cyprus surged by 61.7% compared to March 2023, per the Cyprus Consumers Association. Additionally, passenger transport by bus and coach witnessed a notable increase of 16.5%, according to data compiled in a table by the association, analyzing the consumer price index.

BELGRADE - Quoting figures released by the national statistical office, the National Bank of Serbia (NBS) said on Tuesday Serbian y-o-y inflation had decelerated further, measuring 5.6 pct in February, in line with the its expectations.

Inflation in Greece eased to a 2.9% rate in February, from 3.1% in January, while prices in the food category increased on an annual basis by 6.7%, slowing down from the previous month's 8.3% rate, the Hellenic Statistical Authority announced on Friday.

Türkiye's annual inflation rate accelerated from 64.86 percent in January to 67 percent in February, but the pace of monthly inflation increase slowed, the data from the Turkish Statistical Institute (TÜİK) have shown.

Consumer prices advanced 4.53 percent month-on-month, down from 6.7 percent in January.

In February 2024, inflation in the Eurozone slowed down to 2.6% on an annual basis from 2.8% in January, but slightly more than anticipated, as preliminary data from Eurostat indicates.

Every month, the Consumer Price Index (CPI) increased by 0.6% in February compared to the previous month when it decreased by 0.4%.

Retail sales volume increased by just 0.7% in December 2023, the month with the highest consumer demand due to the Christmas and New Year holidays, compared to December 2022.

In January Greece had the highest food inflation, not only among the member-states of the eurozone, but also among the 27 member-states of the European Union.