The annual inflation rate in Greece reached 5.7% in October 2026, the highest level since February 2023. This increase from the 5% rate in September indicates a acceleration in the price growth trend in some sectors.
Price Increases in Various Sectors
Inflation in the housing and utilities sector reached 15.1%, up from 14.7% the previous month. Additionally, the inflation rate in the transportation sector increased to 13.8%, which is significant compared to 11.3% in September. In other sectors, the inflation rate for recreation and culture reached 2.1%, and for clothing and footwear, it reached 3.8%, which also shows a significant increase from 0.3% last month.
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Decrease in Inflation in Some Sectors
Despite the general increase in prices, we observed a decrease in inflation rates in some sectors. For example, inflation in the furniture and household equipment sector decreased to 0.4%, while in restaurants and hotels, it dropped from 6.9% to 5.8%. In the information and communications sector, prices reached -2.2%, and in the alcoholic beverages and tobacco sector, it decreased to -0.2%.
On the other hand, price growth for education reached 2.9%, and for insurance and financial services, it reached 3.5%. These changes in the inflation rate reflect the fluctuations in Greece's economic conditions and their impact on the daily lives of citizens.
Compared to the previous month, consumer prices increased by 0.7% in October, which is significant compared to the 2.1% increase in September. Overall, this trend indicates the existing economic challenges in Greece and the need for further measures to control inflation and support citizens' purchasing power.
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