Greece Annual Inflation Accelerates in August

The annual inflation rate in Greece rose to 3.8% in August 2026, up from 3.4% in the prior month. The acceleration was mainly due to higher price growth for housing and utilities, rising to 9.7% from 8.8%, and transport, which rose further to 7.7% from 7.4%. Additional upward pressure was due to higher inflation for food (0.9% vs 0.4%), restaurants and hotels (6% vs 5.8%), health (1.3% vs 1.1%) and clothing and footwear (5.3% vs 3.3%). Meanwhile, inflation stood at 2.8% for educational services and at 3.4% for insurance and financial services, while deflation moderated slightly for information and communication (-2.6% vs -2.7%). In contrast, price growth slowed for furnishings (0.3% vs 0.4%), recreation, sports and culture (1.2% vs 1.3%). On a monthly basis, consumer prices rose 0.4%, rebounding from a 1.4% drop in July.

The annual inflation rate in Greece fell to 3.4% in July 2026, a five-month low, from 4.4% in June. Prices slowed for housing & utilities (8.8% vs 10.6%), food and non-alcoholic beverages (0.4% vs 2.7%), restaurants & hotels (5.8% vs 7.7%), recreation & culture (1.3% vs 1.7%), and furnishings & household equipment (0.4% vs 0.5%). Also, inflation was steady for health (at 1.1%) and education (at 2.8%). On the other hand, cost accelerated for transport (7.4% vs 7.2%) and clothing & footwear (3.3% vs 0.5%). On a monthly basis, consumer prices fell 1.4%, after being flat in June.

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.