Greece economy: inflation worries persist as rates ease

Timeline

1. 3 days ago

   [BUSINESS] 4 sources

   Greek Retailers See Sales Drop as Inflation Squeezes Consumers

   Greek retailers report falling sales as inflation curtails consumer spending; 55% saw turnover drop 10‑20% during summer sales, while Chania market vendors cite low foot traffic and parking woes, hoping for an

2. 10 days ago

   [BUSINESS] 6 sources

   Greece survey finds 83% see inflation as major problem

   A Pulse survey for the Athens Chamber finds 83% of Greeks label inflation a major issue, 63% worry about food prices, and many cut holiday plans; government aid is viewed positively but inadequate.

3. 11 days ago

   [BUSINESS] 2 sources

   Cost of Living Pressures Hit Households in Greece and Ireland

   Surveys in Greece and Ireland reveal rising living costs prompting cutbacks – 83% of Greeks see inflation as a major issue, while 63% of Irish adults have reduced dining out, spurring discount schemes.

4. 13 days ago

   [BUSINESS] 3 sources

   Greek industrial output index surges 14.1% in May 2026

   Greek industrial production index jumped 14.1% YoY in May 2026, led by manufacturing and exports, while falling 2% from April.

5. 15 days ago

   [BUSINESS] 7 sources

   Greek households face soaring living costs as inflation and tourism pressure intensify

   A survey shows 69% of Greeks see inflation as the top issue, with many living month‑to‑month, while tourism’s boost to GDP also drives price rises, squeezing household budgets despite overall economic growth.

6. 16 days ago

   [BUSINESS] 5 sources

   Eurobank reports Greek inflation easing to 3.9% in June

   Eurobank reports Greek inflation falling to 3.9% in June, aided by lower oil prices, while housing and energy costs stay high; transport and hospitality prices ease, industrial output rises and the trade gap th

7. 17 days ago

   [BUSINESS] 2 sources

   Greek beef prices surge up to 50% in three years, straining families

   Greek beef prices have risen up to 50% in three years, pushing families and students to cut back on meat and seek cheaper options.

8. 19 days ago

   [BUSINESS] 3 sources

   Greece reports 4.9% rise in farm output prices and 13.3% surge in industrial import prices for May

   In May 2026 Greece's farm output price index rose 4.9% YoY, while the industrial import price index jumped 13.3% YoY, driven by soaring oil prices amid Middle East conflict.

9. 21 days ago

   [CULTURE] 20 sources

   Greece faces 44% drop in births over two decades

   Greek births fell 44% from 117,600 in 2008‑09 to ~65,000 in 2025‑26, average maternal age rose to 32.3, and Eurostat projects the population to drop 30% by 2100.

10. 24 days ago

    [BUSINESS] 6 sources

    Greek inflation eases to 4.4% in June 2026

    ELSTAT says Greek CPI eased to 4.4% YoY in June 2026, down from 5.2% in May, with high food and housing costs but lower olive‑oil prices and modest month‑on‑month change.

11. 25 days ago

    [INTERNATIONAL] 2 sources

    Greece raises gyro prices and doctors warn tourists of food safety risks

    Greece's gyro prices have jumped to €5‑10 amid broader food price freezes, and doctors caution tourists—especially from North Macedonia—against eating beach‑side street meat due to food‑poisoning risks.

12. 26 days ago

    [BUSINESS] 5 sources

    Greek banks see €5.3 bn surge in private‑sector deposits

    Greek banks recorded a €5.3 bn rise in private‑sector deposits, mostly from businesses, while households face persistent inflation and low savings.

13. 27 days ago

    [BUSINESS] 3 sources

    Greece grapples with soaring inflation and concentrated summer tourism

    Greece’s inflation hit 4.6% in May, topping 5% overall, with energy prices surging. June saw sharp rises in food, energy and services costs. Eurostat notes 41.6% of tourist stays fall in July‑August, underscorr

14. 27 days ago

    [BUSINESS] 8 sources

    Greece ranks among Eurozone's cheapest markets for new mortgage loans

    ECB data shows Greece’s average new mortgage rates (3.10% for 1‑5 yr, 3.08% for >10 yr) are below the euro‑area averages, ranking it 5th and 6th cheapest, while banks’ digital upgrades speed up approvals.

15. 28 days ago

    [POLITICS] 2 sources

    Greece’s Tax System Relies Heavily on Indirect Taxes

    Greece’s budget relies heavily on indirect taxes, with 17.1% of GDP from consumption taxes in 2024 and a projected €44.9 bn revenue in 2026, outpacing direct tax income.

16. 29 days ago

    [BUSINESS] 2 sources

    Greece fruit and vegetable prices surge amid high transport costs, meat prices stay steady

    Greek fruit and veg prices jump due to high transport costs, while meat prices hold steady, tightening household budgets.

17. about 1 month ago

    [BUSINESS] 2 sources

    Greece's SMEs face rising costs, financing hurdles and staff shortages

    Greek SME survey shows 65% cite rising material costs, 74% struggle with bureaucracy, 77% find financing hard, and 74% face staff shortages, urging policy reforms.

18. about 1 month ago

    [BUSINESS] 2 sources

    Greek supermarket price index slows to 0.39% in June

    June supermarket inflation in Greece fell to 0.39% m/m, 1.56% y/y, with price drops in pet food and detergents and rises in cold cuts and baby foods, driven by scale economies and private‑label sales.

19. about 1 month ago

    [BUSINESS] 2 sources

    Greece’s fruit and vegetable prices surge, squeezing household budgets

    Greek households' wages now last only the first 20 days of the month as fruit and veg prices climb 4‑9%, prompting reduced purchases and a July plan to lift profit caps on food and fuel.

20. about 1 month ago

    [BUSINESS] 3 sources

    Greek poultry co‑op Pindos posts 7.5% sales jump as inflation lifts retail prices

    Greek retail turnover rose 4% in April 2026 despite falling sales volumes, while poultry co‑op Pindos recorded a 7.5% sales increase and announced a €70 million investment plan, highlighting inflation‑driven, g

21. about 1 month ago

    [BUSINESS] 24 sources

    Greece sees construction surge and inflation slowdown as banks face tax‑deferral debate

    Greece’s Q1 construction boom, April retail rise, and June inflation drop to 3.9% contrast with bank‑stability concerns over faster tax‑deferral write‑offs and Moody’s risk notes.

22. about 1 month ago

    [BUSINESS] 2 sources

    Housing costs consume over a third of Greek household income

    Greek households spend 36 % of disposable income on housing, the EU’s highest share, with rent up 55‑70 % since 2019 and many workers seeing over 60 % of net pay go to rent.

23. about 1 month ago

    [BUSINESS] 3 sources

    Greece finds near‑full pass‑through of 2022‑23 VAT cuts to consumer prices

    IME GSEBE finds Greece's 2022‑23 VAT cuts were passed almost entirely to consumer prices (90‑100% pass‑through), while VAT hikes saw a 74% pass‑through, with small firms absorbing some costs.

24. about 1 month ago

    [BUSINESS] 5 sources

    Greece reports rising industrial output and higher property‑tax revenues in 2025‑2026

    Greece’s 2025 industrial output rose sharply, and Q1 2026 property‑tax receipts increased 5.8% to €274 million, with total 2026 revenue projected above €900 million.

25. about 1 month ago

    [BUSINESS] 2 sources

    Greek industrial production index jumps 23% in April 2026

    ELSTAT reports Greece's industrial production index rose 23% in April 2026 year‑on‑year, with manufacturing driving the rebound and external market activity up 59.2%.

26. about 2 months ago

    [BUSINESS] 2 sources

    Greece's housing prices hit 20‑year peak as affordability worsens

    Greek home prices hit a 20‑year high in Q1 2026, up 5.7% YoY and outpacing wages and inflation, widening the housing‑affordability gap.

27. about 2 months ago

    [BUSINESS] 2 sources

    Greece faces rising inflation and higher summer prices for food and services

    Greek import prices surged 18.4% in April, pushing inflation to 5.2% in May and raising food, energy and tourism costs ahead of the summer season.

28. about 2 months ago

    [BUSINESS] 2 sources

    Greece's housing and energy costs strain households

    Over a quarter of Greek households spend >40% of income on housing, while an energy crisis pushes fuel prices higher; experts call for a national alliance to ease the dual cost burden.

29. about 2 months ago

    [BUSINESS] 2 sources

    Greek Inflation Remains High, Chamber Urges Boost to Disposable Income

    Greek inflation hit 5.2% in May with housing up 11.6% and fuel 24%. Chamber president Korkidis calls for measures to boost disposable income, cut taxes and lower firms' non‑wage costs.

30. about 2 months ago

    [BUSINESS] 3 sources

    Greece’s 5.2% inflation strains households and firms

    Greece’s inflation hit 5.2% in May, driven by steep rises in housing, energy and food prices, cutting household purchasing power and raising costs for businesses.

31. about 2 months ago

    [BUSINESS] 2 sources

    Greece reports 2.1% rise in April industrial output and 5.2% jump in May inflation

    Greek data show a 2.1% rise in April industrial production and a 5.2% year‑on‑year jump in May consumer prices, driven by higher energy, housing and food costs.

32. about 2 months ago

    [BUSINESS] 3 sources

    Greece reports slower property price growth and 5.2% inflation in May

    Greek property prices grew 5.7% in Q1 2026 while inflation eased to 5.2% in May, with sharp hikes in energy and food costs.

33. about 2 months ago

    [BUSINESS] 2 sources

    Greek inflation spikes to 5.2% in May, pushing up housing and energy costs

    Greek consumer prices rose 5.2% in May, led by housing, transport and energy price jumps, prompting government talks on food price cuts.

34. about 2 months ago

    [BUSINESS] 7 sources

    Greece inflation jumps to 5% in May 2026, far above Eurozone average

    May 2026 Eurostat data put Greece's inflation at 5%, well above the 3.2% Eurozone average, driven by energy spikes and high tax wedges, threatening households and SMEs.

35. 2 months ago

    [BUSINESS] 2 sources

    Greece records fiscal surplus and best eurozone business climate, EU Commission says

    The EU Commission reports Greece’s 2025 fiscal surplus at 1.7% of GDP and its business‑climate index at a eurozone‑leading 107.5 in May, driven by higher VAT revenues and improved tax compliance.

36. 2 months ago

    [BUSINESS] 2 sources

    Greece assesses economic prospects and risks with Albania, North Macedonia, Turkey

    A European Commission report outlines 2026‑2028 reform programmes for Albania, North Macedonia and Turkey, highlighting growth prospects and challenges that could influence Greece’s trade, investment and energy

37. 2 months ago

    [BUSINESS] 2 sources

    EU Commission projects slower growth and rising inflation for Greece

    EU Commission forecasts Greece’s growth to fall below 2% while inflation rises to 3.7% in 2026, with debt remaining the euro‑area highest but easing, and fiscal surpluses persisting.