Inflation eases to 2.3% in June
Greece’s inflation rate amounted to 2.3% in June, down from 2.4% in May. Hellenic Statistical Authority (ELSTAT) data showed that food prices increased by 2.1%, while prices in the housing, durable goods and communications categories decreased.
On a monthly basis, the consumer price index showed an increase of 0.5%, compared to an increase of 0.6% that was recorded in the same period last year.
The average consumer price index for the 12 months of July 2023 – June 2024, compared to the corresponding index for the 12-month period of July 2022-June 2023, showed an increase of 2.8%, against an increase of 7% recorded during the corresponding comparison of the 12 months of July 2022-June 2023 with the 12 months of July 2021-June 2022.
The increase of the consumer price index by 0.5% in June 2024, compared to the Index in May 2024, mainly came from the changes in the following groups of goods and services:
• 1.1% in the Food and non-alcoholic beverages category, due to price increases mainly in: pizzas and pies, cheese, fresh fruit, frozen vegetables, chocolate and chocolate products. Part of this increase was offset by the decrease in prices mainly in: breakfast cereals, cold cuts, yogurt, fresh vegetables, potatoes.
• 0.4% in the group Alcoholic beverages and tobacco, due mainly to an increase in prices of alcoholic beverages (not served).
• 1.6% in the Clothing and footwear group, due to price increases in clothing and footwear.
• 0.1% in the Housing group, mainly due to price increases in: house rents, natural gas. Part of this increase was offset by the reduction in electricity prices.
• 0.5% in the Transportation group, mainly due to an increase in prices for air passenger tickets. Part of this increase was offset by the decrease in prices mainly in: used cars, fuel and lubricants.
• 0.7% in the Hotels-Cafes-Restaurants group, mainly due to an increase in prices in restaurants-patisseries-cafes-canteens, hotels-motels-inns.
