Greece is grappling with some of the steepest price increases in the Eurozone, recording the fifth-highest inflation rate among member states, according to preliminary Eurostat data released today. The annual inflation rate in Greece edged up to 3.7% in July from 3.6% in June, compared to 3% a year ago in July 2024.
This persistent rise in consumer prices has left Greeks facing sharper cost-of-living increases than the European average, prompting concern from the Prime Minister. On a monthly basis, however, consumer prices dipped slightly by 0.3%.
Across the Eurozone, inflation held steady at 2% in July, unchanged from June 2025. Core inflation, which excludes volatile energy and food prices, remained stable at 2.4%, with a minor 0.1% monthly decline.
Breaking Down the Numbers
Eurostat’s preliminary estimates highlight the following trends in key categories:
- Food, alcohol, and tobacco: Prices surged by 3.3% annually, up from 3.1% in June.
- Services: Inflation slowed to 3.1% from 3.3% the previous month.
- Non-energy industrial goods: Prices rose by 0.8%, up from 0.5% in June.
- Energy: Prices remained negative at -2.5%, a slight improvement from -2.6% in June.
The sustained high inflation in Greece underscores ongoing economic challenges, with the government facing pressure to address rising costs.
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