Inflation in Greece climbed to 2.7% in January 2025, up from 2.6% in
Inflation in Greece climbed to 2.7% in January 2025, up from 2.6% in December, according to data released by the Greek Statistical Authority (ELSTAT).
Notably, food inflation remained nearly stagnant at just 0.1%, while the highest price increases were recorded in passenger air transport (31.6%), natural gas (26.5%), hotels-motels-inns (16.8%), residential rents (9.2%), and holiday packages (8.4%). Additionally, health insurance premiums saw a 7% rise.
On the other hand, the most significant price declines were observed in olive oil (-10.5%), audio and visual equipment (-8.7%), used cars (-5%), solid fuels (-4.2%), and household consumables (-4%).
Key Contributors to Inflation Increase
The 2.7% year-on-year increase in the inflation in Greece (CPI) was primarily driven by price changes in the following categories among others:
• Food and Non-Alcoholic Beverages (+0.1%): Prices increased mainly for beef, pork, fresh fish, dried fruits and nuts, frozen vegetables, sugar-chocolates-sweets-ice cream, coffee-cocoa-tea, and bottled water-soft drinks-fruit juices. These were partially offset by declines in bread and cereals, cold cuts, dairy and eggs, olive oil, fresh fruits, and fresh vegetables.
• Clothing and Footwear (+5.4%): Higher prices in apparel and footwear pushed this category upward.
• Housing (+4.6%): Significant increases were noted in residential rents, home repairs and maintenance, electricity,
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