An empirical analysis of the recent inflation in Greece

Abstract

The paper empirically estimates the impact of the 2002 currency changeover, of seasonal sales, of a VAT increase, of the 2020-21 pandemic lockdowns and post-pandemic spending, of the war in Ukraine and of energy gas supplies, of the minimum wage, of the ECB interest rate, and of the prices of agricultural inputs on Greece’s consumer price index, and provides policy suggestions based on the findings.

JEL Classifications: C22, E31.
Keywords: Price inflation, trend-seasonal-cyclical effects, minimum wage, ECB interest rates, agricultural inputs