The annual inflation rate in Greece is expected to shrink to 2.3 percent in May, down from 3.2 percent in April and 4.1% in May 2023, according to a flash estimate released by Eurostat on Friday.
Euro area annual inflation is expected to be 2.6 percent in May 2024, up from 2.4 percent in April, according to Eurostat's report.

The inflation rate for products sold in supermarket chains was at 2.75% in February 2024, according to research conducted by the Institute of Retail Consumer Goods Research (IELKA) on major supermarket chains. This figure reflects a slight decrease compared to the 3% inflation rate observed in January 2024.

The European Central Bank must cut borrowing costs twice before the August summer break and another two times before the end of the year, without being influenced by the US Federal Reserve, according to ECB Governing Council member and governor of the Bank of Greece (BoG) Yannis Stournaras.