Greece faces sharp rise in construction material and fuel prices

The Greek General Index of Construction Materials rose 4.5% year‑on‑year in June 2026, the fastest annual gain among the sector’s components. Bricks led the surge with a 10.2% increase, followed by copper pipes (9.5%), quarry sand (6.6%) and ready‑mix concrete (6.3%). The upward trend was reflected across all major material groups, tightening the cost base for new‑home construction.

At the same time, average retail prices for both unleaded gasoline and diesel have broken the €2‑per‑litre threshold in Greece. Brent crude has hovered around $98–$100 per barrel after a recent spike, pushing the pump price of diesel above that of gasoline in several regions. The higher fuel costs are stoking inflation concerns and prompting the government to consider renewed support measures, such as diesel subsidies and a fuel‑pass scheme for gasoline. Both the construction‑material cost surge and the fuel‑price jump are adding pressure to household budgets and the broader Greek economy.