Greece Inflation Rate Climbs to Highest Since 2023

The annual inflation rate in Greece rose to 5.7% in October 2026, its highest level since February 2023, up from 5% in September. Inflation accelerated in housing and utilities (15.1% vs 14.7%), transportation (13.8% vs 11.3%), recreation and culture (2.1% vs 1.6%), and clothing and footwear (3.8% vs 0.3%). Meanwhile, price growth stood at 2.9% for education and 3.5% for insurance and financial services. By contrast, inflation moderated for furnishings and household equipment (0.4% vs 0.6%) and restaurants and hotels (5.8% vs 6.9%). Prices fell further for information and communication (-2.2% vs -1.9%), while alcoholic beverages and tobacco moved into deflation (-0.2% vs 0%). From the previous month, consumer prices rose by 0.7% in October, slowing from a 2.1% increase in September.

The annual inflation rate in Greece jumped by 5.0% in September 2026 from 3.8% in the previous month, marking the highest reading in four months. Prices increased for housing utilities (14.7% vs 9.7% in August), transportation (11.3% vs 7.7%), recreation and culture (1.6% vs 1.2%), education (2.9% vs 2.8%), furnishings and household equipment (0.6% vs 0.3%), restaurants and hotels (6.9% vs 6.0%), insurance and financial services (3.5% vs 3.4%), and miscellaneous goods and services (1.5% vs 0.7%). Moreover, costs stagnated for alcoholic beverages and tobacco after falling by 0.6%, while prices dropped at a softer pace for information and communication (-1.9% vs -2.6%). Meanwhile, price growth eased for clothing and footwear (0.3% vs 5.3%). On a monthly basis, consumer prices grew by 2.1% in September, following a 0.4% increase in the preceding period.

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.