CPI inflation was 2.8% in November
Annual CPI inflation reached 2.8% in November according to GeoStat. The drivers of inflation were food and healthcare prices. The price of food and non-alcoholic beverages increased by 6.2%, contributing 1.9ppts to the overall annual inflation rate. Within this category, the main increases came from: vegetables (27.7%) and fruits and grapes (12.2%). Healthcare prices increased by 4.8% contributed to an increase in overall price levels by 0.58ppts.
Real GDP grew 5.6% y/y in 10M14
Real GDP grew by 5.6% in 10M14 according to GeoStat’s rapid estimates. October 2014 economic growth was recorded at 3.5% y/y. Monthly rapid estimations are based on VAT turnover, fiscal and monetary statistics.
Gross international reserves stood at US$ 2.6bn end-November 2014
Gross international reserves stood at US$ 2.6bn (-2.0% m/m) as of end-November 2014 according to NBG. In the same period net foreign assets of NBG reached US$ 2.4bn (-2.2% m/m).
