Inflation: At 3.1% in January – 2024-02-18 00:50:28

Inflation “ran” at a rate of 3.1% in January 2024, according to ELSTAT. The increase in the price of olive oil is impressive (67.4%), raising -indeed- its effect on the general price index to the amount of 0.53 (that is, 1/6 of the increase in the general price index in January is due to the increase in the price of olive oil!).

More specifically, her announcement ELSTAT states that from the comparison of the inflation of the month of January 2024 with the corresponding Index of January 2023, there was an increase of 3.1% against an increase of 7.0% that occurred during the corresponding comparison of the year 2023 with 2022.

According to newsit, the General Consumer Price Index (CPI) during the month of January 2024, compared to December 2023, showed a decrease of 0.8%, against a decrease of 0.5% that occurred during the corresponding comparison of the previous year. Olive oil, however, increased by 6.8% between December 2023 and January 2024.

The average Consumer Price Index for the twelve months of February 2023 – January 2024, compared to the corresponding Index for the twelve months of February 2022 – January 2023, showed an increase of 3.2%, compared to an increase of 9.7% recorded during the corresponding comparison of the twelve months of February 2022 – January 2023 with the twelve months of February 2021 – January 2022.

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