![Eurostat: Inflation in Greece at 2.4% in June](https://www.ot.gr/wp-content/uploads/2024/07/inflation.png)
Inflation in Greece stood at 2.4% in June (the same as in May), slightly above the 2.5% rate for the eurozone (down from 2.6% in May), according to data released by the European Union’s statistical authority, Eurostat.
Services are set to record the highest rise in cost in the eurozone in June (4.1%) followed by food, alcohol, and tobacco (2.5%, down from 2.6% in May), non-energy industrial goods (0.7%, unchanged from May), and energy (0.2%, down from 0.3% in May).
Greeks have been struggling with high food costs for over a year and the government’s efforts to combat the rising prices through a series of measures have so far proven largely unsuccessful.
Core inflation, which excludes the calculation of volatile fuel and unprocessed food prices, also slightly declined to 2.8% annually from 2.9% a month earlier.
Europe’s economic powerhouse, Germany saw its consumer price index ease off after a 2-month acceleration, to 2.5% year-on-year in June down from 2.8% in May. Energy costs continued to decline, while service prices remained steady at 3.9%.
The price indicator in France fell to 2.5% in June, slowing down compared to the previous month.
The slowdown in energy and food prices contributed to the reduction in the overall CPI, according to the National Statistics Agency. The decline from May’s 2.6% was in line with economists’ forecasts in a Reuters poll.
Italy, Lithuania, Ireland, and Slovenia recorded the lowest rates, according to the Harmonised Index of Consumer Prices (HICP), while Belgium, Spain, and the Netherlands registered the highest rates for the month of June.
Source: tovima.com
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![INSETE: The Countries Greeks Visit Most](https://www.ot.gr/wp-content/uploads/2024/07/travel-2048x1466-1-600x429.jpg)
INSETE: The Countries Greeks Visit Most
INSETE cited leisure, accounting for approximately 60%, followed by visiting relatives and friends at 18% as the main reason Greeks travel
![Bank of Greece: Deposit-Loan Spread Down in May by 4.99%](https://www.ot.gr/wp-content/uploads/2024/06/ot_greek_Banks1-1-600x352.png)
Bank of Greece: Deposit-Loan Spread Down in May by 4.99%
The average interest rate on overnight deposits placed by households remained unchanged at 0.03%
![Global Media Critical of Greece’s 6-Day Work Week](https://www.ot.gr/wp-content/uploads/2024/07/PXP236_USA-RESTAURANTS-STRIKE_0829_11-2048x1424-1-600x417.jpg)
Global Media Critical of Greece’s 6-Day Work Week
International media have highlighted the counterproductive nature of the 6-day work week legislation, citing research that shows that increasing work hours will raise the risk of on-the-job mistakes and burnout.
![SBCC: The Key to Decarbonizing the Maritime Industry?](https://www.ot.gr/wp-content/uploads/2024/07/emissions-ship-600x337.jpg)
SBCC: The Key to Decarbonizing the Maritime Industry?
The maritime sector's carbon emissions will increase 250% between 2008 and 2050 if no significant action is taken -International Renewable Energy Agency
![IPTO CEO: Great Sea Interconnector At Risk Over Cypriot Decision](https://www.ot.gr/wp-content/uploads/2024/07/cable2-600x338.jpg)
IPTO CEO: Great Sea Interconnector At Risk Over Cypriot Decision
The head of Greece’s Independent Power Transmission Operator said a decision by Cyprus’ Energy Regulatory Authority makes the project non-viable
![Six-Day Workweek in Greece – 4-Day Workweek in the Rest of the World](https://www.ot.gr/wp-content/uploads/2024/03/ot_ergazomenoi23-1024x600-1-600x352.png)
Six-Day Workweek in Greece – 4-Day Workweek in the Rest of the World
Paradoxically, as the EU’s statistical authority, Eurostat indicates Greeks are among those who work longer hours compared to other EU member states.
![Dutch Court Sentences “Shipowner” Giannis Karageorgis to 30 Months in Prison for Fraud](https://www.ot.gr/wp-content/uploads/2024/07/Capture-90-1-600x401.jpg)
Dutch Court Sentences “Shipowner” Giannis Karageorgis to 30 Months in Prison for Fraud
Dutch authorities accused Karageorgis of fraud and fraudulent bankruptcy. In the Dutch judicial system, the charges cannot be converted into monetary fines in lieu of prison time, meaning Karageorgis will have to serve out his sentence.
![Goldman Sachs Revises EBITDA Estimates for Greek Refineries](https://www.ot.gr/wp-content/uploads/2024/07/sach-600x377.jpg)
Goldman Sachs Revises EBITDA Estimates for Greek Refineries
The investment banking company lowered its projections for the net profits of the Greek refineries due to the recent imposition of a landfall tax on profits by the Greek government.
![Evangelos Marinakis was honored with a doctorate at Massachusetts Maritime Academy for his long contribution to the shipping industry](https://www.ot.gr/wp-content/uploads/2024/07/103f69ad-0a97-471d-a45d-59122224b19f-600x400-1.jpg)
Evangelos Marinakis was honored with a doctorate at Massachusetts Maritime Academy for his long contribution to the shipping industry
The renowned US-based Massachusetts Maritime Academy conferred the degree of Doctor of Business Administration to Evangelos Marinakis
![Summer Sales Kick Off on July 8 in Greece](https://www.ot.gr/wp-content/uploads/2024/07/ekptoseis-600x400.jpg)
Summer Sales Kick Off on July 8 in Greece
If there are different discount percentages for various categories of products, the range must be stated.