The spike in fresh meat prices is largely due to a reduction in livestock in 2024 following widespread animal diseases and a rise in international prices for imported meats, particularly beef and pork—both heavily relied upon by the Greek market

Meanwhile, Greece's booming tourism industry—surging since last year and maintaining high levels this season—has added upward pressure on prices, especially in the services sector.

The analysis sees a 2.3% GDP growth rate in 2025, followed by 2% in 2026 and 2.1% in 2027, the largest in the Eurozone. It cautions, however, that inflationary pressures will persist.

This marks a slight acceleration compared to May, when annual inflation stood at 2.5%, up from 2% in April.

Sweets and beverages became more expensive due to soaring global cocoa and coffee prices, while cooler-than-usual weather in 2025 drove up fruit and vegetable costs.

The latest figure marks one of the highest inflation rates in the European Union, ranking fifth among member states.

The lowest annual inflation rates in the European Union were recorded in Cyprus (0.4%), France (0.6%), and Ireland (1.4%), according to the latest Eurostat data.

The notable uptick, a second consecutive rise in the consumer price index, has raised concerns as it affected products across the majority of sectors

Greek Prime Minister Kyriakos Mitsotakis revealed the establishment of a national authority tasked with market price oversight and consumer protection during his address at a cabinet meeting on Wednesday morning in Athens. The Greek Prime Minister said the new body would be set up on the Swedish model, adding that protecting Greek households was a […]

On the islands, where transportation and supply costs further inflate expenses, a single gyro can cost as much as 7 euros—placing it firmly out of reach for many locals.

The BoG notes that inflation in Greece remains driven by rising service costs and unprocessed food prices, while energy shows internal disparities.

Inflation in Greece is projected to settle at 2.9% in 2025, according to the Bank of Greece (BoG).  The Bank of Greece’s Fiscal Monitor report underlines that the country’s consumer price index (CPI) is expected to amount to just under 3%, mainly due to persistent inflation in the services sector. According to the forecast, inflation […]

Inflation in Greece slowed to 2% in April 2025 from 2.4% in March.

Compared to February, inflation decreased in 16 member states, remained unchanged in one, and rose in ten.

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

"We are striking against the increasing cost of living crisis, we are striking for better wages"

Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.

Inflation in Greece stood at 3.1% in March, from 3% in February, recording the highest monthly rise (+1.8%) in the Eurozone, according to preliminary estimates from Eurostat. Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February. The high prices in Greece highlight the ongoing cost-of-living pressures in the country. Sources from the […]

The Bank of Greece has raised its inflation forecast for 2024 to 2.9%, up from a previous estimate of 2.5%, suggesting that price pressures will remain higher than initially anticipated.

Recent political turmoil in the country has sent inflation projection for 2025 1% higher than previous estimates.