Inflation declines to 4.5%

April ended with the Greek economy registering the fourth lowest inflation in the eurozone, an encouraging fact, but not entirely reassuring.

That is because food prices remain at high levels, while now, although energy prices are falling, increases are beginning to appear in a range of services. That an inflationary wave still exists is also confirmed by the fact that both in the eurozone as a whole and in Greece an increase in the harmonized index of consumer prices was recorded on a monthly basis in April 2023 - i.e. compared to March 2023. 

A more complete picture for the course of prices in Greece is expected to be available on May 10, when the Hellenic Statistical Authority announces the April data for the national consumer price index.

According to Eurostat estimates, the European Union-harmonized consumer price index in Greece reached 4.5% in April 2023...