inflation Greece

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