Our trade balance versus the UK remains in deficit, but has improved significantly since 2009. This is due both to a rise in exports and a decline in imports. Specifically, exports of goods to the UK increased in nominal terms by about 47% during the 2010–2016 period, accounting for approximately 4% of total Greek exports.
Headline inflation also rose in the euro area, to 5.8 per cent in February, but energy and food took the lion’s share, as the growth of the “core” component was more than 3 percentage points lower (2.7 per cent).