Greece’s annual EU-harmonised inflation rate decreased to 2.6% in April, down from 3.1% in March, according to data released on Friday. In terms of month-on-month figures, consumer inflation experienced a slight increase of 0.5% during the same month.
Specific sectors saw varying price increases, with the cost of food and non-alcoholic beverages rising by 2.1% year-on-year in April. Meanwhile, prices in hotels, cafes, and restaurants surged by 5.9%.
The EU-harmonised inflation index is a standard measure used across the European Union to provide a consistent gauge of inflation. In addition, Greece’s official statistics service, ELSTAT, reported that the overall consumer inflation rate, often referred to as headline inflation, declined to 2.0% in April, compared to 2.4% in March.
This decline suggests a moderation in inflationary pressures in the Greek economy. These figures indicate that while inflation rates are still positive, the trend shows a decrease, reflecting both national and EU economic conditions.
Investors and policymakers will be monitoring these statistics closely to gauge the broader economic landscape and its implications for future monetary policy.