Greek inflation

Core inflation, which excludes the calculation of volatile fuel and unprocessed food prices, also slightly declined to 2.8% annually from 2.9% a month earlier

A year earlier, the rate was 6.1%. European Union's annual inflation was 2.7% in May 2024, up from 2.6% in April. A year earlier, the rate was 7.1%

However, the consumer price Index (CPI) in May 2024 compared with May 2023, increased by 2.4%. In May 2023, the annual rate of change of the CPI was 2.8%.

Eurozone Inflation Climbs to 2.6%

Summer has come and it is expected to be the hottest one yet. But if you thought you could get through it by living off of ice cream, think again!

The findings are based on IELKA's regular report, which includes a price comparison study using data from price comparison platforms in each country and direct price checks from supermarket chains.

The data shows that Greece ranks seventh in overall inflation within the eurozone and second in food inflation

Olive oil (63.7%), fruit (11.6%), fish (10.6%), and mineral water (12.5%) registered the highest increases annually

Projected consumer prices are forecast to rise by 2.7%

In the eurozone, the consumer price index (CPI) dropped to 2.4%, while the average EU settled at 2.6%

Greek households appear more pessimistic over the course of inflation in the coming 12-month period, compared with households in the rest of the Eurozone. The average expectations for inflation in Greece over the next 12 months remained stable at 10% in February 2024, while falling slightly in the Eurozone at 3.1%. The sentiments were found […]

Basic food costs and other staple products like bottled water, soft drinks, and fruit juices witnessed an increase of 13.8%, and fruits were up by 12.3%

The central bank forecasts were listed in the "Note on the Greek Economy" report

The Eurozone average dropped to 2.6%, according to the preliminary estimates by Eurostat

The PM outlined a series of priorities over the coming months which included tackling inflation, supporting agricultural products, and enhancing public health.

Special analysis for 2022-23 cites the consequences of price appreciation in housing, energy and food

Despite the overall trend, Greece faces persistent challenges with rising food prices, as the food, alcohol and tobacco index totaled 7.1% during the month, on an annual basis, slightly lower than 7.6% in Dec 2023