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Greece Inflation October 2022

Greece: Harmonized inflation drops to six-month low in October

Harmonized inflation came in at 9.5% in October, which was down from Septembers 12.1%. October’s reading represented the lowest inflation rate since April. The decline was driven by moderating price pressures for transportation and housing and utilities. That said, food inflation accelerated further.

The trend pointed up, with annual average harmonized inflation coming in at 8.6% in October (September: 8.1%). Meanwhile, consumer price inflation fell to 9.1% in October, from Septembers 12.0%.

Lastly, harmonized consumer prices dropped 1.25% in October over the previous month, contrasting September’s 2.96% rise. October’s result marked the lowest reading since April.

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