Thursday, February 10, 2011

High prices, unemployment, inflation!

No, we’re not in a protest of an older era; we’re just looking at the figures that show, unfortunately, the harsh reality that we Greeks experience in our everyday lives.

Unemployment climbed at the highest point in 7 years now from January 2004 reaching 13,9% in November, from 10,6% that was in November 2009 and 13,5% in October 2010.


As the data presented by EL.STAT. show, the employed are estimated at around 4.307.054 people, decreased by 157.176 in relation to November 2009 (3,5%) and 62.489 with October 2010 (1,4%).


The unemployed were increased by 160.624 from November 2009 (30,2%) and by 8.530 from October 2010 (1,2%) to settle at 692.577 while the financially inactive population settled at 4.320.927.


In women the unemployment percentage was raised at 17% from 13,3% in November 2009 and in men at 11,6% from 8,8%.


The highest rates occur in the ages between15-24 (35,6%) and 25-34 (17,9%).


But EL.STAT. is a bearer of bad news in regards to prices too. According to its data the inflation rose to 5,2% last January (was 5,2% last December too) from 2,4% in January 2009.


The general index in January 2011 in contrast to December 2010, showed a decrease of 0,7% compared to the same decrease that occurred during the relevant comparison of the previous year and which is due to the sales.


The increase in inflation at 5,2% came from the following index changes:


1. From the increase of these indicators:

   1. By 2,4% in the «Food and non-alcoholic drinks» group mainly in cereals, meat, fresh fish and vegetables, dairy and eggs. Part of it was counter balanced by the decrease in fresh fruit prices.
   2. By 19,5% in the «Alcohol and tobacco» group cue to the increase in cigarette, alcohol and non-served drinks.
   3. By 9,1% in the «Accommodation» group mainly due to the increase in the prices of oil, electricity, rent, water supply and drainage etc.
   4. By 2,5% in the «Constant goods-household items and services» group.
   5. By 15% in the «Transport» group due to increases of the prices in cars, petrol, maintenance and repair etc. Part of it was counter balanced by the decrease in the traffic taxes.


2. From the decreases of these indicators:

   1. By 2,3% of the «Clothing and footwear» group due to decreases because of the winter sales.
   2. By 0,6% of the «Health» group, mainly due to the decrease in medicine prices. Part of it was counter balanced by increases in medical, orthodental, paramedical services and private clinics.

source: PROTO THEMA