The information indicates that on the table of discussions are mainly extra interventions for food items.
The developments may be positive on the inflation front, as the index “landed” at 8.5% in November due to the de-escalation of energy prices, however, the signs from the food sector are not at all encouraging.
According to ELSTAT’s analytical data, an increase of 15.0% was noted in the Food and non-alcoholic beverages group, mainly due to price increases in: bread and cereals, meat (general), fish (general), dairy and eggs, oils and fats, fruits, vegetables, sugar-chocolates-sweets-ice creams, coffee-cocoa-tea, mineral water-soft drinks-fruit juices.
In other words, almost all of the food that is included in a household’s shopping.
According to the individual components of inflation.
The goods index in November remained at the same levels as in October.
The goods index on an annual basis in November rose by 12.6%.
However, what worries the analysts and the financial staff is the level of structural inflation – that is, the change in the index without the categories of food, beverages, tobacco and energy – as it now stands at 5.86% (in annual basis) now quite close to the levels of overall inflation. This means that the speed at which imported inflation spreads to other products of the economy has accelerated. Now, a very large part of the imported inflation has also become Greek.
Supporting the vulnerable
As can be seen from the above data, the household basket established by the government is not enough for food inflation, with the result that the economic staff is looking for new ways to support mainly vulnerable households.
After all, the message from Brussels is targeted measures.
The information indicates that on the table of discussions are mainly extra interventions for food items.
Like a precision check, which will be geared towards shopping at the supermarket. That is, perhaps a food pass on the fuel pass standards, based on strict income criteria. But there is also the thought of granting an additional accuracy check like the one that is now going to be given in December.
moneyreview.gr
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With a wealth of experience honed over 4+ years in journalism, I bring a seasoned voice to the world of news. Currently, I work as a freelance writer and editor, always seeking new opportunities to tell compelling stories in the field of world news.
