Inflation rises to 2.8% in June, driven by energy and service cost
Inflation in Greece climbed to its highest level so far this year in June, reaching 2.8% on an annual basis, according to official data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
The increase brings inflation dangerously close to the 3% threshold, fueled by rising costs in food, services, and—once again—energy products, amid renewed geopolitical tensions.
Compared to May, when the inflation rate stood at 2.5%, June saw a notable monthly rise of 0.8% in the consumer price index. This follows a relatively flat trend in April and a 0.2% increase in May, highlighting a sharp upward movement in prices.
Among the sectors most affected were housing costs, which rose by 7.2%, largely due to higher energy prices. The hospitality sector, including hotels, cafes, and restaurants, saw a 7.1% increase, while food and non-alcoholic beverages recorded a 2.3% rise.
Other notable annual increases included:
Social protection services: +7.7%
Health insurance premiums: +7%
Household services: +5.2%
Clothing and footwear: +4.9%
Personal care (hairdressing, beauty services): +4.1%
Communications: +2.2%
Education: +2.6%
The ELSTAT report highlights inflationary pressure across a wide range of essential goods and services, raising concerns among households and policymakers alike. Analysts warn that if energy prices remain volatile, further inflationary spikes could follow in the coming months.
