Consumer price index eases to 2.4% in October

Inflation in Greece fell to 2.4% in October, from 2.9% in September.

According to ELSTAT's data, the slowdown in food prices is noticeable, where in October a price increase of 1.5% was recorded on an annual basis (from 3.2% in September), with reductions in flour and cereal, pasta, dairy, fruit and coffee.

Prices rose by 3% in housing, mainly due to increases in rents (+6.5%), electricity (+12.9%) and natural gas (+10.2%). From the comparison of the general consumer price index of October 2024 with the index of October 2023, an increase of 2.4% was observed against growth of 3.4% that occurred during a similar comparison of the year 2023 with 2022.