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Athens News Agency: News in English, 08-11-10

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Athens Stock Exchange: Rise
  • [02] Inflation falls in October

  • [01] Athens Stock Exchange: Rise

    Equity prices were rising on Monday on the Athens Stock Exchange (ASE), influenced by the international markets, with the basic share price index up 3.90 percent, standing at 2,189.28 points at 12:15 p.m., and turnover at 50.6 million euros.

    Individual sector indices were moving upward across the board, with the biggest gains in Banks, up 4.73 percent; Raw Materials, up 4.19 percent; Industrial Products, up 3.89 percent; Financial Services, up 3.77 percent; and Public Utilities, up 3.64 percent.

    The FTSE/ASE 20 index for blue chip and heavily traded stocks was up 4.23 percent, the FTSE/ASE MID 40 index was up 3.39 percent, and the FTSE/ASE-80 small cap index was up 3.86 percent.

    Of the stocks moved, 154 were up, 13 were down, and 23 were unchanged.

    [02] Inflation falls in October

    The Consumer Price Index (CPI) fell to 3.9 percent in October from 4.6 percent in the preceding month of September, marking a 0.7 percent decline, according to figures released on Monday by the national statistics service ESYE. The CPI in October 2007 was running at 3.1 percent.

    According to ESYE secretary general Manolis Kontopyrakis, a 0.6 percent decline in gasoline, a 7.7 percent drop in the price of heating oil, and the containment and/or decline in prices of supermarket goods mainly contributed to the 0.7 percent drop in the general CPI.

    In the 10-month period January-October 2008 inflation was running at an average 4.50 percent against 2.67 percent in the corresponding period in 2007.

    The harmonized CPI fell to 4 percent in October from 4.7 percent in September, while in October 2007 it was running at 3 percent. The harmonized inflation in the January-October period was running at an average 4.54 percent, down substantially from 2.79 percent in the corresponding period in 2007.

    The core CPI also fell to 3.5 percent in October from 3.8 percent in September, compared with 3.0 percent in October 2007. Core inflation rose to an average 3.68 percent in the January-October period from 2.66 percent in the corresponding period in 2007.

    According to Kontopyrakis, inflation in November was expected to inflation was expected to fall to 3.2 percent, given the present conditions, and namely the prices recorded in the first 10 days of November in gasoline, heating oil, supermaket goods, fruits and vegatables, combined with the big increases in November 2007 in heating oil and gasoline.

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