Inflation in Greece will settle at 2.5% in 2025, and stand slightly over 2% in 2026, according to a projection by the Bank of Greece (BoG). The report estimates the cost of living will record an uptick to 2.5% in 2027. As per the BoG report, inflation in Greece measured by the Harmonized Index of Consumer […]

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

Food inflation in Greece remained nearly stagnant at just 0.1%, while the highest price increases were recorded in passenger air transport (31.6%), natural gas (26.5%), hotels-motels-inns (16.8%) and residential rents (9.2%).

In January, services recorded the highest annual inflation rate in the eurozone at 3.9%, slightly down from 4.0% in December, according to Eurostat's latest data.

According to recent data from ELSTAT (Hellenic Statistical Authority), inflation in Greece rate reached 3.5% in December 2023, up from 3% in November.

Based on the data processed by Circana, regarding price trends, the market is expected to show an increase of around 3% in value in 2025.

Overall inflation stood at 2.6% in December and averaged 2.7% for the entirety of 2024.

Energy prices in Greece also rose by 0.7% in Dec., compared to a 0.1% increase in the Eurozone.

Despite this decrease, Greece’s November inflation rate remained above the EU average and ranked as the tenth highest among EU countries.

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.

Greece recorded a higher inflation rate than the EU average, ranking tenth among the countries with the highest inflation rates, for this year, Eurostat data showed

The general consumer price index (CPI) posted a 0.4% decrease in November compared to the previous month

Regarding the country’s unemployment growth the report mentions that it is expected to slow down due to rising labor costs.

A year earlier, in November 2023, inflation in Greece was recorded at 2.9%.

By 2026, the reduction in public debt is expected to bring it close to 140% of GDP.

The index in September 2024 recorded a decrease of 2.9% compared with August 2024.

On a year-to-year basis, the average inflation in Greece from November 2023 to October 2024 increased by 2.9%, compared to a 4.2% rise during the same period the previous year

In Europe’s common monetary bloc, the Eurozone, the consumer price index settled at 2% from 1.7% the previous month

For the first time, the adjustment system will include employees from the public sector, leading to a corresponding increase in their minimum wage