Eurostat: Inflation in Greece at 3% in February

According to Eurostat data released today, the harmonized inflation rate in Greece stood at 3% in February, slightly down from 3.1% in January.

Across the eurozone, annual inflation fell to 2.3% in February 2025 from 2.5% in January, compared to 2.6% recorded a year earlier. Meanwhile, inflation in the European Union reached 2.7% in February, down from 2.8% in January, and from 2.8% a year earlier.

The lowest annual inflation rates were recorded in France (0.9%), Ireland (1.4%), and Finland (1.5%). On the other hand, the highest rates were observed in Hungary (5.7%), Romania (5.2%), and Estonia (5.1%).

Compared to January 2025, inflation declined in 14 EU member states, remained stable in six, and increased in seven.

In February 2025, the services sector contributed the most to Eurozone inflation (+1.66 percentage points), followed by food, alcohol, and tobacco (+0.52 pp), non-energy industrial goods (+0.14 pp), and energy (+0.01 pp).

Data from the Hellenic Statistical Authority (ELSTAT) showed that inflation in Greece stood at 2.5% in February, down from 2.7% in January and 2.9% in February 2024.

Key price increases include hotels (+17.5%), air travel (+10.8%), rent (+9.9%), health insurance (+7%), clothing and footwear (+6.4%),
natural gas (+4.1%), and electricity (+6.7%).

Food inflation remained low at 0.2%, with olive oil prices falling 16.9%, while other oils rose 11%. Increases were also noted in beef (+6.7%), nuts (+5.7%), and coffee (+4.7%).

The 12-month average consumer price index (CPI) from March 2024 to February 2025 rose 2.7%, compared to a 2.9% increase recorded in the previous 12-month period.

Source: tovima.com