Industrial import prices in Greece jumped 13.3% year-on-year in May, driven primarily by escalating international costs for crude oil extraction and petroleum refining products.
The data highlights the persistent transmission of global energy price shocks into national input costs, complicating the inflation outlook for the Mediterranean economy.
2% annually. This divergence underscores the vulnerability of Greek industry to external supply chain pricing, especially as global energy markets remain volatile.
The surge was particularly acute for imports from outside the euro zone, which rose 22.2% annually.
This divergence underscores the vulnerability of Greek industry to external supply chain pricing, especially as global energy markets remain volatile.
The sharp increase in non-euro import costs suggests that domestic producers are facing significant margin pressure, potentially limiting their ability to absorb higher input expenses without passing them on to consumers.
This development aligns with broader inflationary trends across the euro area.