Greece's July EU-Harmonized Inflation Slows to 2.7% as Food Prices Fall 0.3%
Updated
Updated · Kathimerini English Edition · Aug 3
Greece's July EU-Harmonized Inflation Slows to 2.7% as Food Prices Fall 0.3%
2 articles · Updated · Kathimerini English Edition · Aug 3
Summary
Greece’s EU-harmonized CPI cooled to 2.7% in July from 3.9% in June, dropping below the eurozone’s 2.9% rate after running hotter in previous months.
Food prices drove much of the slowdown, falling 0.3% year on year and 2.2% from June, helped by cheaper fresh products, a prior gross-margin cap and ongoing price-freeze measures.
Fuel increases were milder than during the first Persian Gulf war shock, and some service charges rose more moderately despite peak tourist season, reinforcing the softer inflation print.
Economists cautioned the reading may not last because second-round effects from spring’s energy shock have yet to fully feed into prices; Alpha Bank still sees Greece’s 2026 inflation staying below 4%.