Greece Inflation Rate

Last Release

Dec 31, 2024

Actual

2.6

Units In

2.4

Frequency

Monthly

Next Release

Feb 14, 2025

Time to Release

30 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
33.7 Jan 1974	-2.9 Nov 2013	7.83 %	1960-2024	National Statistical Service of Greece

In Greece, the most important categories in the consumer price index are: food and non-alcoholic beverages (17 percent of total weight); transport (13 percent); housing (12 percent) and hotels, cafés and restaurants (11 percent). The index also includes: clothing and footwear (9 percent); health (7 percent); furnishing and household equipment (7 percent); recreation and culture (5 percent); communication (5 percent). Education, alcoholic beverages, tobacco and other goods and services account for the remaining 14 percent of total weight.

Latest Updates

The annual inflation rate in Greece increased to 2.6% in December 2024, up from a five-month low of 2.4% in the previous two months. The main upward pressures came from a sharp rise in prices for housing (3.7% vs. 2.1% in November) and transport (3.6% vs. 1.7%). Inflation also accelerated for health (3.8% vs. 3.6%), communication (1.9% vs. 1.6%), and miscellaneous goods and services (2.6% vs. 2.2%). In contrast, prices for food and non-alcoholic beverages fell by 0.3%, following a 0.6% increase in the prior period. On a monthly basis, consumer prices rose 0.1%, reversing a 0.4% decline in November. For the entire year, the annual average inflation rate stood at 2.7%, the lowest in three years.