Across the eurozone, inflation stands just above 3%, raising expectations of further policy tightening by the European Central Bank in its upcoming meeting.

The Paris-based organization points to the energy price shock from the Middle East conflict, warning that Greece's heavy reliance on imported fossil fuels leaves its economy exposed just as Recovery Fund investment begins to wind down.

Eurostat data puts Greece well above the eurozone average, with energy costs and services driving prices higher across the bloc ahead of a closely watched ECB decision next week.

With household costs rising sharply and inlfation surging partly because of the Iran conflict, Athens is weighing a package of fuel subsidies worth up to 200 million euros, to be announced before the end of next week.

Eurostat data put Greece's annual inflation rate at 4.6% in April 2026, well above the EU average, as fuel, energy, and transport costs post sharp year-on-year increases.

Fuel, transport and food costs drove a sharp monthly spike, with diesel prices up 32.4% year-on-year and no relief expected in the months ahead.

With inflationary pressures returning amid rising fuel prices, the government is preparing targeted relief measures funded by a €200 million reserve. The plan aims to cushion households from higher energy and transport costs while preserving fiscal stability

According to market analysts and government officials, consumer pressures are expected to intensify in the coming months, as there are few signs that the current wave of price increases will ease anytime soon.

Rising prices spill beyond fuel into everyday essentials, squeezing incomes and reshaping consumer behavior, as most households expect further increases and cut back on spending

Inflation rises as Greece continues to outpace the eurozone, exposing structural weaknesses in its energy-dependent economy. It also raises concerns that price pressures will prove more persistent, compounding the strain on households.

Additionally, Reuters on Tuesday quoted what it describes as two Greek officials citing plans to revise the 2026 growth forecast down to around 2% (from 2.4%)

Supermarket inflation in Greece rose to 2.4% in March, on an annual basis, according to the Institute of Retail Consumer Goods (IELKA). The March index recorded a slight 0.15% drop compared to 1.38% in February, with the aggregate 12-month index (April 2025-March 2026) posting a +1.62% uptick. The highest prices recorded were observed in appetizers, […]

The disparity is particularly worrying, as the full impact of the ongoing war in the Middle East has yet to be factored in.

Consumer prices accelerated in March across Europe, driven largely by a rebound in energy costs, as geopolitical tensions add pressure to already uncertain economic conditions.

The Bank of Greece governor says the current inflation surge, driven by global shocks, may be more difficult to manage than the 2021–22 episode, as expectations shift and repeated disruptions test central banks

Eurozone finance ministers hold emergency talks as oil tops $100, driving up costs for households and businesses and raising concerns over a new inflation cycle and the bloc’s ability to respond in time.

Across the euro area, annual inflation stood at 1.9% in February 2026, up from 1.7% in January and in line with Eurostat’s preliminary reading.

On a monthly basis, the CPI increased by 0.1% in February compared with January.

Compared with Jan. 2026, the price index fell by 0.19%, while the rolling 12-month period from March 2025 to Feb. 2026 shows a cumulative increase of 1.55%.