inflation Greece

Rents have surged by more than 10% over the past year, and electricity prices have followed a similar trajectory.

The data shows significant price increases in certain sectors, with hotels seeing a rise of 17.5%, air travel prices going up by 10.8%, rent rising by 9.9%, and health insurance premiums climbing by 7%.

Inflation in Greece will settle at 2.5% in 2025, and stand slightly over 2% in 2026, according to a projection by the Bank of Greece (BoG). The report estimates the cost of living will record an uptick to 2.5% in 2027. As per the BoG report, inflation in Greece measured by the Harmonized Index of Consumer […]

The cost of services and non-energy industrial goods in Greece continues to rise significantly faster than in other eurozone countries, according to the Bank of Greece’s Inflation Monitor report.

In Europe’s common monetary bloc, the Eurozone, the consumer price index settled at 2% from 1.7% the previous month

These trends are largely attributed to a significant drop in energy prices, despite some fluctuations, along with a softening in food prices.

Olive oil, a cooking staple in the country, recorded a whopping price hike of 49.1%

Greek consumers worried that expenses will soar yet again after a government measure to keep prices down due to inflation ends on May 31st.

The rate of increase for food prices was up by 4.9% in April 2024, compared to 4.8% in the previous month

This year, hit by persistent inflation, many Greeks will be dishing out less on food, drink and gifts for Orthodox Easter on May 5