At the same time, the consumer price index in the Eurozone increased by 1.8% during the same month (down from 2.2% in Aug.), falling below the European Central Bank's (ECB) target of 2%.
Consumers in the country are paying more for basic goods such as bottled water, as inflationary pressure sends the cost of living skyward
Following a cabinet reshuffle, Greece’s PM pledged to address the cost of living crisis extending gov’t provisions by six months.
Greek consumers worried that expenses will soar yet again after a government measure to keep prices down due to inflation ends on May 31st.
Lithuania (0.3%), Finland (0.7%), and Latvia (1%) recorded the lowest inflation in March, with Croatia (4.9%), Austria (4.2%) and Estonia (4.1) witnessing the highest rates
Speaking during a television appearance on Tuesday morning he also acknowledged that rising cost of living remains the number one problem faced by Greek households
On Wednesday, March 13, Greece launches the ‘Lenten Period Basket’ with products at fixed prices to tackle inflation and support low-income families.