Greek inflation

Many ferry routes to the Greek islands are already sold out for Greek Easter 2025, but Greeks are reeling from the steep prices.

Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.

Inflation in Greece stood at 3.1% in March, from 3% in February, recording the highest monthly rise (+1.8%) in the Eurozone, according to preliminary estimates from Eurostat. Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February. The high prices in Greece highlight the ongoing cost-of-living pressures in the country. Sources from the […]

The Bank of Greece has raised its inflation forecast for 2024 to 2.9%, up from a previous estimate of 2.5%, suggesting that price pressures will remain higher than initially anticipated.

For Greeks, the EU's push for stronger defense capabilities takes back seat to the need for a focus on addressing the cost-of-living crisis.

According to Eurostat data released today, the harmonized inflation rate in Greece stood at 3% in February, slightly down from 3.1% in January. Across the eurozone, annual inflation fell to 2.3% in February 2025 from 2.5% in January, compared to 2.6% recorded a year earlier. Meanwhile, inflation in the European Union reached 2.7% in February, […]

Inflation in Greece saw a slight decline in February, settling at 3%, down from 3.1% in January, according to data from the European Union’s statistical authority, EUROSTAT. In the eurozone, inflation stood at 2.4% in February, compared to 2.5% the previous month. Examining the main components of inflation in the eurozone, services recorded the highest […]

Food inflation in Greece remained nearly stagnant at just 0.1%, while the highest price increases were recorded in passenger air transport (31.6%), natural gas (26.5%), hotels-motels-inns (16.8%) and residential rents (9.2%).

In January, services recorded the highest annual inflation rate in the eurozone at 3.9%, slightly down from 4.0% in December, according to Eurostat's latest data.

The measure aims to lower the cost of doing business and everyday transactions in Greece, with an estimated annual cost to banks of approximately €150 million.

According to recent data from ELSTAT (Hellenic Statistical Authority), inflation in Greece rate reached 3.5% in December 2023, up from 3% in November.

Based on the data processed by Circana, regarding price trends, the market is expected to show an increase of around 3% in value in 2025.

Despite this decrease, Greece’s November inflation rate remained above the EU average and ranked as the tenth highest among EU countries.

Greece recorded a higher inflation rate than the EU average, ranking tenth among the countries with the highest inflation rates, for this year, Eurostat data showed

The general consumer price index (CPI) posted a 0.4% decrease in November compared to the previous month

A year earlier, in November 2023, inflation in Greece was recorded at 2.9%.

On a year-to-year basis, the average inflation in Greece from November 2023 to October 2024 increased by 2.9%, compared to a 4.2% rise during the same period the previous year

Over six in ten (65%) of households said that their financial situation worsened over the past year

Regarding monetary policy, the BoG notes that 2024 will see a marginal expansion as a result of investment spending from available EU funds.

The annual inflation rate for the European Union was 2.4% in August 2024, down from 2.8% in July, while a year earlier, it stood at 5.9%.