Inflation in Greece settled at 2.5% in May 2025, marking a
Inflation in Greece settled at 2.5% in May 2025, marking a substantial 0.5% rise from the previous month, according to the country’s statistical authority (ELSTAT).
The notable uptick, a second consecutive rise in the consumer price index, has raised concerns as it affected products across the majority of sectors in the economy. The largest increase was registered in clothing and footwear at 6.6%, while food costs were up by 2.6%.
Drilling down into specific sections, electricity recorded a notable 18% rise in cost, fruits were up by 13.2%, and natural gas rose by 11.1%. House rents were up by 10.9%.
In contrast, olive oil, heating oil, and audio-visual equipment experienced the highest drop, with 34.4%, 12.9%, and 11.2%, respectively.
On a year-on-year basis, inflation in Greece was up by 0.1% (2.4% in May 2024) relative to 2023.
- The following subcategories were the main drivers for the CPI rise:
- Food and Non-Alcoholic Beverages were up by 2.6%, mainly due to higher costs for items such as bread and cereals, meats, fresh fish, full-fat fresh milk, fruits, vegetables, sweets, etc.
- Alcoholic beverages and tobacco increased by 1.7%, attributed mainly to increases in the prices of non-served alcoholic drinks and cigarettes.
- Clothing and footwear saw a notable 6.6%
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