
The annual rate of inflation in Greece declined to 2.3% in May, according to Eurostat’s harmonized consumer price index (CPI), marking a sharp 0.9% drop from 3.2% in April 2024.
In April the CPI in Greece had dropped to 3.2% from 3.4% in March, compared to the Eurozone average which has remained unchanged at 2.4%.
The data showed that the main components driving inflation in the Eurozone, were services which are expected to show the highest annual rate in May at 4.1%, up from 3.7% in April. This is followed by food, alcohol, and tobacco at 2.6%, down slightly from 2.8% in April; non-energy industrial goods at 0.8%, down from 0.9% in April; and energy at 0.3%, recovering from -0.6% in April.
Germany’s inflation rate increased slightly more than expected in May, according to preliminary data from the German statistical office, while for the first time this year, France’s inflation accelerated, reflecting trends in other parts of Europe as the European Central Bank prepares to cut interest rates. Consumer prices in the Eurozone’s second-largest economy increased by 2.7% year-on-year in May, up from 2.4% in the previous month, according to the Insee statistics agency. This figure slightly exceeded economists’ average estimate of 2.6% in a Bloomberg survey.
Source: tovima.com


Latest News

Report: Greater Athens Office Space in High Demand
In the Athens office sector there are currently plans for new developments with a total area of more than 108,050 sqm

First Meeting in D.C. Between Rubio, Greek FM Gerapetritis
State Dept. spox: Greece is a valued NATO Ally and critical to regional stability

On This Day in History: Chemical Structure of DNA Discovered
The double-helix model revealed how DNA replicates and how genetic information is passed from one generation to the next.

Digital Work Card for Tourism Sector Comes into Effect
The initiative aims to tackle the nagging problem of undeclared or partially declared labor

Inflation in Greece at 2.5% in 2025: Bank of Greece
Between 2025 and 2026, Greece’s economy is expected to grow by 2.5% and 2.3%, respectively—significantly outpacing the average growth rate of the eurozone

Tempi: Citizens Made History Throughout Greece – Biggest Protests Ever
Friday marked a history day in Greece, as the people spoke through unprecedented assemblies, honoring the victims of the tragic Tempi rail disaster and demanding justice

U.S. Deal with Ukraine Falls Through After Trump, Zelensky Fiery Exchange at WH
Following the discussions in the Oval Office before the press, Trump took to Truth Social on Friday, stating, “He is not ready for peace”

Registrations of Greek Businesses Surge in 2024
According to the report, business registrations across all economic sectors for the year 2024 reached 132,507, marking an 18.3% increase compared to 112,002 in 2023.

Shipping Community Calls for Clear Policies to Fully Exploit LNG as a Fuel
Maritime leaders urge EU to lead on methane abatement in shipping

Greek Hoteliers Push for a New Mountain Tourism Model
Industry experts believe that Greece’s diverse natural landscape has the potential to attract hundreds of thousands of Greek and international visitors—provided it is properly developed and promoted.