Greece Inflation Rate at 3-Month Low

The inflation rate in Greece rose by 4.4% year-on-year in May 2026, easing from 5.2% in the previous month. This marked the slowest growth in three months as costs moderated for food and non-alcoholic beverages (2.7% vs 3.5% in April), housing utilities (10.6% vs 11.6%), health (1.1% vs 1.2%), transportation (7.2% vs 11.5%), and restaurants and hotels (7.7% vs 8.5%). Additionally, price growth remained steady for education (at 2.8%). On the other hand, prices increased for miscellaneous goods and services (1.1% vs 0.9%), while costs recovered for alcoholic beverages and tobacco (0.3% vs -0.1%) and clothing and footwear (0.5% vs -0.9%). On a monthly basis, consumer prices recorded a flat reading in May, unchanged from the preceding period. Meanwhile, the EU-harmonised annual inflation rate rose 3.9%, slowing from 4.9% in April.

The annual inflation rate in Greece edged down to 5.2% in May 2026 from 5.4% in the prior month. Price growth slowed in housing and utilities (11.6% vs 13.8% in April), food and non-alcoholic beverages (3.5% vs 4.4%). Decreases were also observed in alcoholic beverages and tobacco (-0.1% vs 1.4%), clothing and footwear (-0.9% vs 2.0%), furnishings and household equipment (-0.1% vs 0.1%), and information and communication (-2.7% vs -2.2%). Meanwhile, inflation accelerated for transport (11.5% vs 10.0%), restaurants and accommodation (8.5% vs 6.1%), recreation and culture (1.4% vs 1.0%), while remained steady for education (at 2.8%) and health (at 1.2%). On a monthly basis, consumer prices were unchanged after rising 1.5% in the previous month. Meanwhile, the EU-harmonised annual inflation rate rose to 4.9%, the highest since March 2023, and up from 4.6% previously.

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.