Inflation up to 3,9%

[Ellinas]

Economy Minister not Concerned

High rises in the price of crude oil and unjustifiable increases in basic products have pushed inflation rate up to 3.9% in November, record high in the last two years. In many cases, products went up by 10%.

However Economy and Finance Minister Mr. Alogoskoufis, after his meeting with the Prime Minister, did not appear concerned, describing the high inflation rate as "imported" because it is a phenomenon which prevails in all European countries.
"The government’s plans have not changed, there is uncertainty but predictions are not threatening", Economy Minister said, stressing that oil prices in international markets will have a key role in the progress of the inflation route. Statistic service’s predictions for December estimate that inflation will be settled at the same level with a slight increase due to the new prices in payments of utility bills promoted by DEH (Public Power Corporation) starting from December 1st.

ERT

[ursus]

Alouskufis is not concerned, why should he be ? With his mellifluous accent and merry smirk the man is impervious to the ravages and blows of inflation. The inflation is not 3.9%. That is a fictional myth of the laze about Alouskufis. Do not trust govt. statistics. The government reports are distorted and leave out from the inflationary nomeclature key elements. As far as that inflation is imported, a 12 year old primary student could have told us the same . The inflation that hits our pockets, the working men's pocket, the daily struggler is more like 15-20% in real terms. Alouskufis ,wake up boy and come out of the cinema in which you are watching a movie.:mpa: