Greece’s annual inflation rate stood at 2.4% in May, according to the European Union’s statistical authority, Eurostat. The rate stood at 4.1% one year ago, while in the Eurozone, the annual inflation rate was 2.6% in May, up from 2.4% in April.

In Greece, the harmonized annual inflation rate stood at 2.4% in May, compared to the Eurostat inflation initial estimate of 2.3%.

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%.

The lowest annual rates were registered in Latvia (0.0%), Finland (0.4%) and Italy (0.8%). The highest annual rates were recorded in Romania (5.8%), Belgium (4.9%) and Croatia (4.3%). Compared with April, annual inflation fell in eleven Member States, remained stable in two and rose in fourteen.

In May, the highest contribution to the annual euro area inflation rate came from services (+1.83 percentage points, pp), followed by food, alcohol & tobacco (+0.51 pp), non-energy industrial goods (+0.18 pp) and energy (+0.04 pp).