The cost of living in Greece is skyrocketing again, as prices at the pump and electricity bills succumb to international pressures

A renewed spike in global oil prices, driven by escalating tension between the United States and Iran, has pushed consumer prices in Greece up 3.8 percent and prompted the European Central Bank to raise interest rates

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

Fuel prices are rising again in Greece, with higher transport costs already feeding through to prices on supermarket shelves

Trump says he may block trade with deficit countries unless the Federal Reserve slashes interest rates

With no relief in sight, the national average diesel price keeps climbing amid ongoing war-related pressures on global oil markets

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

Greece’s retail sector has weathered successive crises, but a Eurobank study shows that much of the rise in sales value since 2019 has come from higher prices, while consumers have also shifted where and what they buy

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

Greece's government struck a deal with refineries to cut unleaded and diesel prices by 10 and 5 cents per liter until the end of August

A new survey shows that more than eight in 10 people remain concerned about the rising cost of living, with food prices topping the list of financial pressures and many scaling back summer holiday plans

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

The central bank's Monetary Policy Report 2026 forecasts steady growth and gradually easing inflation through 2028, with stronger gains possible should a durable Middle East truce push energy prices lower.

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.

The Athens Bakers' Guild is urging members to join a protest on Wednesday, June 17, at 7 p.m., gathering at Monastiraki Square

Greece is heading into the summer season with the strongest inflationary pressures seen in three years