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 […]

Greece’s economic model is now more export- and investment-oriented, relying less on consumption and displaying fewer imbalances compared to the past.

Among Eurozone countries, Ireland, Italy, and Finland recorded the lowest inflation rates in January, at 1.7% each

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.

A recent survey by the European Central Bank (ECB) across Eurozone member states revealed that in 2024, Greece was among the countries where cash lost ground to electronic payments, such as cards and mobile payments. Cash vs. Card Payments in Greece In Greece, only 42% of the total value of transactions at consumer service points […]

High unemployment, lower productivity, and economic recovery post-crisis are believed to contribute to Greece's low ranking

According to the results of the survey, the average price of a 500-gram loaf of fresh white bread is 48% percent lower than the average Eurozone price

At the same time, the consumer price index in the Eurozone increased by 1.8% during the same month (down from 2.2% in Aug.), falling below the European Central Bank's (ECB) target of 2%.

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%.

High levels of informal employment place Greece and Portugal at the top, reflecting deep-rooted challenges in labor regulation

Compared to the same quarter of the previous year, seasonally adjusted GDP increased by 0.6% in the Eurozone and by 0.8% in the EU

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

The hikes in fuel prices haven’t only caused headaches for drivers, they have also affected gas station owners as consumers in Northern Greece opt to purchase cheaper gasoline from Bulgaria and Turkey

Lithuania (0.3%), Finland (0.7%), and Latvia (1%) recorded the lowest inflation in March, with Croatia (4.9%), Austria (4.2%) and Estonia (4.1) witnessing the highest rates

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

Central banker underscored the significance of leveraging available European funds, particularly the Recovery and Resilience Facility (RRF) in strategic sectors of the economy

The greatest percentage increase was recorded in olive oil, despite Greece being the third-largest producer worldwide

The Capital Economics report predicts the Eurozone’s GDP will contract in the 4th quarter of 2024 with the bloc’s economy gradually experiencing a slight recovery as interest rates fall and real incomes rise