Inflation data strengthens expectations of an ECB interest rate hike in December

Inflation was driven mainly by a rise of about 20% in energy prices

Shrinkflation (less product, same price) happens when manufacturers reduce the weight, volume or quantity of their products while keeping the price the same

Speaking during a parliamentary debate on the 2027 budget, the finance minister acknowledged the pressure on household purchasing power and warned that global economic uncertainty has become a lasting concern.

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.

With New Democracy’s support stalled, Mitsotakis is creating a sense of electoral urgency to rally voters behind the party, even as he rules out an early vote

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 shortage of sheep's milk and strong export demand are driving increases of 5% to 9%. Why price hikes are also expected for "white cheese."

A study conduted by the Research Institute of Retail Consumer Goods (IELKA) finds the typical household basket costs less in Greece than in eight European countries, but Greece has the second-highest VAT burden

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.

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