Greece’s Inflation Ticks Up Again in November

Greece’s inflation rose to 2.4% in November, edging up from 2% in October, according to data from the Greek Statistical Authority (ELSTAT). The increase underscores the persistent price pressures weighing on households and businesses.

Food inflation remained a major driver, accelerating to 2.7% and outpacing the overall rate. Housing costs climbed even faster, reaching 3.7%, while the “Hotels–Cafés–Restaurants” category surged by 7.4%, reflecting ongoing pressures in services.

Some of the steepest increases were recorded in specific consumer goods. Chocolate products jumped 22.9%, coffee by 20.7%, meats by 13%, and fruits by 9%. Residential rents continued their upward trend as well, rising 8.6%.

However, a handful of categories offered relief. Olive oil posted a sharp 37.6% price drop after months of volatility. Natural gas fell by 12.6%, while sauces and condiments slipped 7%. Prices for audiovisual and computing equipment declined 6.4%, and vegetables were down 5.9%.

Overall, the November figures highlight a mixed picture: while some essential categories are easing, many everyday staples and services continue to push household budgets higher.

Source: tovima.com