Inflation falls to 2.7% in Greece in July as eurozone rate rises to 2.9%
At the same time, inflation across the eurozone increased to 2.9%, compared with 2.8% in June, while inflation across the European Union reached 3.0%, up from 2.9% the previous month.
Services remain the largest contributor
Eurostat data show that services made the largest contribution to the eurozone’s annual inflation rate in July, adding 1.55 percentage points.
Energy contributed a further 0.94 percentage points, while non-energy industrial goods added 0.23 percentage points.
Food, alcoholic beverages and tobacco also contributed positively, adding 0.23 percentage points to the annual inflation rate.
The figures indicate that services and energy remained the main sources of inflationary pressure across the euro area during July.
Romania records highest inflation in EU
Inflation rates varied significantly among EU member states.
The lowest annual inflation rates were recorded in:
- Sweden: 0.3%
- Czechia: 1.3%
- Denmark: 1.6%
- Hungary: 1.6%
The highest rates were recorded in:
- Romania: 8.2%
- Lithuania: 5.4%
- Cyprus: 4.4%
- Bulgaria: 4.4%
Compared with June 2026, annual inflation decreased in 15 EU member states, remained unchanged in three and increased in nine, according to Eurostat.
Greece therefore recorded a markedly lower inflation rate than the EU average in July, while also registering one of the largest monthly declines among member states.
