Greece: Inflation Continues to Rise – Highest in the Eurozone

Inflation in Greece remains high, exceeding the Eurozone average. According to ELSTAT, in January 2026, inflation reached 2.5%, above the European Central Bank's target of 2%.

Price increases are mainly observed in rents and food, putting pressure on households. The Bank of Greece forecasts that inflation will remain high in the coming years, reaching 2.5% in 2028 due to the European Emissions Trading System (ETS2).

In particular, significant increases were recorded in food, with beef being 25.4% more expensive compared to January 2025. Prices for chocolates, coffee, fruits and margarine are also rising. Rents increased by 8.7%, burdening households without owner-occupied homes.

On the other hand, energy contributed to curbing inflation, with lower prices for natural gas, fuels and heating oil.