Greece’s economy was devastated during the 1941–1944 occupation, as soaring prices, a collapsing currency and the seizure of national resources left households struggling to survive. Gold sovereigns became a store of value, while an enforced loan to Germany and Italy added to the country’s financial burden

Retirees have lost up to 45% of their income since 2010, while the planned 2.8% gross increase for 2027 falls below inflation

Employee compensation in Greece rose 4.4% in the second quarter of 2026, outpacing increases in Germany, Spain, France and Italy. However, inflation of 4.4% over the same period left purchasing power largely unchanged.

The Fund expects Greece’s economy to grow 1.8% in both 2026 and 2027, below government forecasts, while an energy-driven rise in prices is expected to push inflation to 4.2% this year.

ELSTAT's national price index rose 2.1% from August, with housing and transport costs climbing sharply. Eurostat's harmonized measure put September inflation at a similar 5.1%.

Energy costs drove a broader pickup across the euro area, where inflation accelerated to 3.8%, while Greece recorded one of the biggest monthly increases among member states

A “perfect storm” of soaring prices, higher interest rates and intensifying inflationary pressures is taking shape, with uncertain consequences for the election season approaching in spring 2027.

Inflation accelerated in August 2026, reversing July's slowdown, as heating oil, natural gas and fuel costs posted steep annual increases across the board.

Eurostat: Greece's inflation climbed to 3.7% in August, while eurozone inflation reached 3.3%, boosting expectations of an ECB rate hike.

New figures from Eurostat show Greek consumer prices eased in July even as inflation edged higher across the wider EU and Britain, largely on energy costs

Climate change, rising production costs, pressure on farm economics and stronger demand are reshaping global food prices, with UBS warning that the historic 2.5% average rate of food inflation may no longer hold

The biggest price increases were in housing, fuel, transportation, rent, and dining out, keeping inflation a persistent problem for household budgets

Greek households also hold the most pessimistic growth outlook in the eurozone, expecting economic contraction of 5.4 percent over

Investment and strong public finances keep Greece ahead of the eurozone, even as a Middle East energy shock and stubborn structural weaknesses cloud the outlook for households and businesses

The Bank of Greece expects consumer prices to accelerate to 3.8% next year, driven by energy, tourism and stubborn services costs, before easing gradually toward 2028

The Hellenic Fiscal Council's spring report trims 2026 growth to 1.9% and raises its inflation forecast to 3.2%, citing energy costs, weaker exports and the winding down of EU recovery money as drags on household spending power

Eurostat's preliminary June data show inflation easing across Greece and the eurozone

Greece's inflation stood at 4.9% in May, well above the EU average of 3.3% and the Eurozone rate of 3.2%, highlighting stronger price pressures.

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