Trend throughout eurozone -and not only in Greece- seems to be the increase in inflation For reasons relating to countries – members of the Union itself (and more specifically the profits of businessmen – producers in them) and not third countries.
It is recalled that according to a recent analysis of the National Bank of Greece, ‘Higher inflation reflects, for the most part, domestic factors but also the most relaxed monetary conditions. ” However, this is not a Greek phenomenon, but rather pan -European. According to an ECB report on the eurozone, published yesterday (25.9.25), it is pointed out in relation to trends throughout the eurozone how:
- “Most of the pre -existing pressure indicators along the pricing chain show that the gradual decline of these pressures in the early stages of the pricing chain continues, while conditions in the later stages remain largely unchanged. In the earlier stages of the pricing chain, energy producer prices decreased to -1.2% in July 2025, from 0.0% in June, much lower than its highest level (7.8%) recorded in February. “
- “The annual rate of change in producer prices in the domestic market continued its downward trend since February, falling to -0.3% in July from -0.1% in June.”
- «In the later stages of the pricing chain, domestic producer prices inflation for non -nutrition consumer goods increased slightly to 1.6% in July, from 1.5% in June, While producer prices for food processing remained unchanged at 1.9% in July. “
“Inflation of prices for food processing also continued to decline from its level of riding (10.6%) in January, falling to 5.9% in July from 6.6% in June. For the intermediate goods, the annual rate of change in the prices of importers remained at a negative level and stood at -1.8% in July from -1.5% in June. Similarly for energy, the annual rate of change in the prices of importers fell to -13.1%, from -12.7% over the same period. “
Increase ‘national’ inflation by vehicle the profits of business
“Pressures on the part of domestic costs, as measured on the basis of the rate of growth of the GDP deflated, increased to 2.5% in the second quarter of 2025, from 2.3% in the first quarter,” the same report said. And adds: ‘Increasing the annual raising rate of GDP deflation reflects the increase in the contribution of profits per unit of product, which offset the reduction of the contribution of labor costs per unit of product and net taxes per unit product. Lightly retention of labor costs per unit of product reflects the decline in the rate of salaries per employed, for which the rate of a twelve -month basis decreased to 3.9% in the second quarter of 2025, from 4.0% in the previous quarter. At the same time, this decrease demonstrates the decline in the annual rate of raising the dispute between conventional and indeed paid earnings (in -0.3% in the second quarter of 2025, from 1.2% in the previous quarter), which was partially offset by the raising rate of contracts (4.0%). notes the ECB.