
Inflation in Greece Up by 2.5% in May: ELSTAT
The notable uptick, a second consecutive rise in the consumer price index, has raised concerns as it affected products across the majority of sectors
The notable uptick, a second consecutive rise in the consumer price index, has raised concerns as it affected products across the majority of sectors
Germany remains the top destination for Greek alcoholic beverages, accounting for 35% of the value and 43.5% of the volume (16 million kg).
In the first three months of 2025, food exports soared by 13.8%, contributing an additional €273.2 million to Greece’s export revenue. The total value reached €2.252 billion, up from €1.979 billion in the same period last year. This growth outpaced all other sectors, with only the smaller “beverages and tobacco” category slightly ahead at 14.2%.
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.
According to data from the research firm Circana (formerly IRI), the volume of sales grew by 2.8% in 2024, outpacing the 2.6% increase in sales value. This growth comes after a period of reduced consumption in 2022 and 2023, mainly due to steep price hikes. In fact, in 2022, sales grew by just 0.5% year-over-year, while in 2023, the increase was 2.5%.
In 2024, Greek exports reached a total of €49.90 billion. When excluding petroleum products, exports grew by 16.2% in December, continuing a six-month streak of growth. They rose from €2.59 billion to €3.01 billion, an increase of €418.4 million.