Greece's inflation jumped to 4.4% in June 2026, up sharply from 2.8% in June 2025, according to new data from the Hellen...

Greece's inflation jumped to 4.4% in June 2026, up sharply from 2.8% in June 2025, according to new data from the Hellenic Statistical Authority (ELSTAT). The increase is broad-based, hitting housing, food, fuel, and services all at once. Housing costs saw the steepest annual rise, up 10.6% year-on-year. Residential rents climbed 7.1%, while natural gas prices surged 24.6% compared to June 2025, keeping household energy bills significantly elevated heading into summer. Food prices are hitting Greeks hard at the meat counter especially. Beef is up 15.6% from a year ago, lamb and goat up 16.2%, and fish prices rose 11.1%. Bread, poultry, dairy, eggs, fruit, and vegetables all recorded increases as well. Olive oil and rice were among the few food items that actually fell in price. Transport costs rose 7.2%, with petrol and diesel up roughly 12%. Airfares jumped 15.6% year-on-year, and holiday packages cost 5.3% more than last summer, adding pressure on families planning to travel. Restaurants, cafes, and hotels recorded a 7.7% price increase, while health insurance premiums rose 7%, and education costs climbed 2.8%. The only category to record a price drop was communications, down 2.7%, driven by cheaper mobile and telephone services. The Greek Ministry of Development is pushing back with a voluntary initiative targeting at least a 5% price reduction on essential goods. Talks with industry representatives, suppliers, and supermarket chains are ongoing, with the scheme expected to cover meat, dairy, bread, pasta, pulses, oil, baby products, coffee, cleaning products, and personal hygiene items. Whether companies will participate remains to be seen. #Greece #Inflation #Economy