Inflation Roars Back: Prices Surge 5.2% as Housing, Fuel and Food Squeeze Households
Rising rents, soaring energy costs and persistent food inflation reignite pressure on family budgets, raising fresh questions about Greece's cost-of-living battle.
Rising rents, soaring energy costs and persistent food inflation reignite pressure on family budgets, raising fresh questions about Greece's cost-of-living battle.
The latest MARC poll paints a picture of stable support for New Democracy, but inflation and social issues are reshaping Greece’s political landscape.
Energy and food prices decline, but rising costs for everyday goods and services continue to strain households
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February. The high prices in Greece highlight the ongoing cost-of-living pressures in the country.
Between 2025 and 2026, Greece’s economy is expected to grow by 2.5% and 2.3%, respectively—significantly outpacing the average growth rate of the eurozone
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.
Marginally up from 3.0% in July 2023, exceeds Euro Area average of 2.2%
Despite the overall trend, Greece faces persistent challenges with rising food prices, as the food, alcohol and tobacco index totaled 7.1% during the month, on an annual basis, slightly lower than 7.6% in Dec 2023
Inflation fell to 3.2% in January in Greece from 3.7% in December 2023, according to Eurostat’s preliminary data. In the Eurozone, it was 2.8%.