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Athens News Agency: News in English, 09-11-09

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

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] CPI up 1.2 pct in October 2009
  • [02] Papaconstantinou at ECOFIN
  • [03] Exports, imports decline

  • [01] CPI up 1.2 pct in October 2009

    The Consumer Price Index (CPI) marked a 1.2 percent increase in October 2009, against the corresponding month of 2008, according to figures released on Monday by the national statistics service ESYE. A year earlier, the annual rate of change of the CPI was 3.9%.

    The CPI in October 2009, as compared to September 2009, increased by 0.5%. A year earlier, the monthly rate of change of the CPI was 0.0%.

    In the twelve-month period November 08-October 09 the average rate of change of the CPI was 1.2%. A year earlier, the corresponding rate of change of the CPI was 4.4%.

    The Harmonized Index of Consumer Prices (HICP) in October 2009, as compared to October 2008, increased by 1.2%. A year earlier, the annual rate of change of the HICP was 4.0%.

    The HICP in October 2009, as compared to September 2009, increased by 0.5%. A year earlier, the monthly rate of change of the HICP was 0.0%.

    In the twelve month period November 08-October 09 the annual average rate of change of the HICP was 1.4%. A year earlier, the annual average rate of change of the HICP was 4.5%.

    The Harmonized Index of Consumer Prices is compiled by the National Statistical Service of Greece, in parallel to the national Consumer Price Index. The Harmonized Indices of Consumer Prices (HICPs) are calculated in each Member - State of the European Union for the purposes of European Comparisons, as required under the Article 121 of the Treaty of Amsterdam. The HICPs are designed for international comparison of consumer price inflation.

    [02] Papaconstantinou at ECOFIN

    Finance minister George Papaconstantinou will represent Greece at Monday's meeting of the Eurogroup and Tuesday's meeting of the EU economy and finance ministers (ECOFIN) in Brussels.

    Papaconstantinou will outline, during both meetings, the Greek government's intended measures to reduce the state deficit, as contained in the draft 2010 State Budget unveiled last week

    The ECOFIN ministers will discuss the European Commission's economic forecasts for the autumn, which were released last week, and according to which the EU economy has reached a turning point after having gone through the deepest and longest-lasting recession in its history, with an improvement in the economic and credit situation having emerged in recent months as a result of the fiscal and monetary measures taken.

    The ECOFIN ministers will further review the outcome of the October 29-30 EU informal summit, with the focus on climate change, the economic and credit situation, and employment.

    [03] Exports, imports decline


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