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Greece Inflation July 2023

Greece: Harmonized inflation rises in July

Harmonized inflation came in at 3.5% in July, up from June’s 2.8%. The acceleration was driven by a smaller fall in transport prices and greater rise in prices for services. That said, the inflation figure was still the second lowest since the war in Ukraine began.

The trend pointed down, with annual average harmonized inflation coming in at 6.8% in July (June: 7.5%). Meanwhile, consumer price inflation rose to 2.5% in July, from June’s 1.8%.

Finally, harmonized consumer prices dropped 0.98% in July over the previous month, swinging from June’s 0.91% increase. July’s result marked the weakest reading since October 2022.

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