Greece Inflation Rate Picks Up to Over 3-Year High

The annual inflation rate in Greece quickened further to 5.4% in April 2026 from 3.9% in the prior month, reaching the highest level since February 2023. Rising energy and fuel costs, along with sustained increases in basic food prices have supported the overall rise in inflation. Price increases were most pronounced in housing and utilities (13.8% vs 5.7% in March), amid higher electricity tariffs, and transportation (10% vs 8%), particularly fuel and air travel costs, while food inflation stayed elevated at 4.4% vs 4.5%. On a monthly basis, the CPI rose by 1.5% in April, after a 2.6% advance in the prior month. Meanwhile, the EU-harmonized annual inflation rate accelerated to 4.6%, the steepest since March 2023, up from 3.4% in the month before.

The annual inflation rate in Greece accelerated to 3.9% in March 2026 from 2.7% in the previous month. This marked the highest reading since March 2023, driven largely by higher prices in housing utilities (5.7% vs 2.6%), transportation (8.1% vs 1%), and health (1.4% vs 0.5%). At the same time, costs for alcoholic beverages and tobacco rose to 0.9% after stagnating, while deflation eased for information and communication (-2.3% vs. -2.4%) and miscellaneous goods and services (-0.4% vs. -0.6%). On the other hand, prices decreased for food and non-alcoholic beverages (4.5% vs 5.2%), clothing and footwear (2.1% vs 10.1%), and restaurants and hotels (6.1% vs 6.5%). On a monthly basis, consumer prices jumped by 2.6% in March, following a 0.1% increase in the preceding period. Meanwhile, the EU-harmonised annual inflation rate picked up to 3.4%, the highest reading since July 2025, and up from 3.1% previously.

The annual inflation rate in Greece accelerated to 2.7% in February 2026 from 2.5% in January, marking the highest reading since last August. Inflation mainly accelerated for food and non-alcoholic beverages (5.2% vs 4.5%) and housing and utilities (2.6% vs 2.1%). Price growth also picked up for clothing and footwear (10.1% vs 8.0%), health (0.5% vs 0.4%), and transport (1.0% vs 0.9%). In contrast, costs rose at a softer pace for recreation, sport and culture (1.5% vs 2.0%) and restaurants and accommodation services (6.5% vs 6.8%), while they stalled for alcoholic beverages and tobacco (0.0% vs 2.0%) and furnishings, household equipment, and routine household maintenance (0.0% vs -0.5%). On a monthly basis, consumer prices increased 0.1%, rebounding from a 0.8% decline in January. Meanwhile, the EU-harmonized annual inflation rate picked up to 3.1%, the highest reading since last August, and up from 2.9% previously.