Greece recorded one of the lowest inflation rates in the EU—1.6%, down from 1.8% the previous month.

During a charged parliament debate, leaders clash over Greece’s escalating cost-of-living pressures, with the PM arguing that wage growth and fiscal discipline are easing pressure on households, while LOTO accused the government of deepening inequality

Food, rent, and hospitality costs pushed prices higher in Greece in October, while olive oil prices dropped sharply, according to ELSTAT’s latest inflation data

In its weekly analysis, the Greek bank stresses that inflation in Greece stands at an average of 3% compared to the 2.1% in the Eurozone.

In supermarkets, IELKA measured inflation at just +1.6% in August, with price cuts in items such as detergents and paper goods but increases in fresh meat.

Inflation in Greece was the third-lowest rate in September, behind only Cyprus and France. Estonia posted the highest rate at 5.2%.

Inflation is projected to decline to 2.6% in 2026 and drop further to 2.4% in 2027, according to the central bank’s baseline scenario projections.

According to the report, inflation based on the Harmonized Index of Consumer Prices is expected to continue slowing during the projection period.

Greek households face mounting price pressures as inflation rises faster than in other southern EU states, hitting housing, food, and energy costs

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.

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

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.

Almost 1 in 3 Greeks spend 40 % of their disposable income on housing needs, according to Eurostat data,

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.

The rising cost of ice cream means that a simple indulgence for a couple—whether in the city or on an island—could now cost up to 12 euros.

Many ferry routes to the Greek islands are already sold out for Greek Easter 2025, but Greeks are reeling from the steep prices.

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 […]