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Greek inflation jumps to 10.2% y/y in April, hits 28-year high -Breaking

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© Reuters. FILE PHOTO – People sit at a cafe in central Athens (Greece), September 3, 2020. REUTERS/AlkisKonstantinidis

ATHENS, (Reuters) – In April, Greece saw 10.2% annual consumer inflation. This was due to rising costs of energy, food, and transportation, according to official data released Tuesday.

According to statistics agency ELSTAT., price growth reached 8.9% in March.

Inflation in Greece, which is EU-harmonised, rose sharply in April to 9.1% from 8.0% in March.

EU-harmonised inflation is an index that uses the same components across Europe to measure inflation consistent.

According to ELSTAT, prices rose by 122.6% per year, and electricity prices went up by 88.8%.

According to data, housing costs rose by 35.2% in the past year, while transportation costs increased 15.4%. Foods and beverages were 10.9% more costly.

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