The annual inflation rate in Greece markedly slowed down last month, April 2023, rising by only 3 percent in April, compared from an annual rate of 4.6 percent in March 2023 and the double-digit figure of 10.2 percent in the corresponding month last year.
The significant reduction in the rate of increase reflects shrinking energy prices, which last year surged on the back of a global energy crisis caused by Russia’s invasion of Ukraine.
Conversely, and on an ominous note, food prices continued to rise significantly, with the inflation rate for April 2023 standing at 11.4 percent, the Hellenic Statistical Authority (EL.STAT) announced on Wednesday.
Specifically, price increases were recorded in bread/cereals (13.8 percent), meats (12 percent), fish (4.5 percent), dairy/eggs (19.1 percent), cooking oils (16.2 percent), vegetables (6.2 percent), sugar/chocolate/sweets (11 percent), other foodstuffs (14.6 percent), coffee/tea (12.1 percent), mineral water/juices (8.5 percent) and alcohol (10.1 percent).
The CPI fell 13.4 percent in housing and 1.8 percent in communications.
The consumer price index rose by 0.6 percent in April 2023 from March 2023, after a 2.1-percent hike in the same period last year. Greece’s harmonized inflation rate slowed to 4.5 percent last month, down this year from April 2021, after a 9.1-percent rise recorded in the same months of 2022/2021. The harmonized inflation rate rose by 1.1 percent in April 2023 from March 2023.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”
Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.
Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.
Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.
Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.
WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year
IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock
First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region
Airbnb Greece – Initial CoS Ruling Deems Tax Circular Unlawful
The case reached the Council of State following annulment applications filed by the Panhellenic Federation of Property Owners (POMIDA)
Mitsotakis Unveils €1 Billion Plan for Housing, Pensioners, Public investments
Greek Prime Minister Kyriakos Mitsotakis has announced a new set of economic support measures, worth 1 billion euros, aiming to provide financial relief to citizens.
![Accor: Η βιωσιμότητα «κλειδί» για την ανάπτυξη και ανθεκτικότητα του ελληνικού τουρισμού [έρευνα]](https://www.ot.gr/wp-content/uploads/2025/04/thumbnail-90x90.jpg)
![Accor: Η βιωσιμότητα «κλειδί» για την ανάπτυξη και ανθεκτικότητα του ελληνικού τουρισμού [έρευνα]](https://www.ot.gr/wp-content/uploads/2025/04/thumbnail-600x400.jpg)
