Inflation in Greece continued its downward trend for a third consecutive month in October, according to official figures from the national statistics authority, highlighted in Eurobank’s latest economic bulletin. The data confirms a clear slowdown in price growth, though not an actual decline in overall price levels.

Negative inflation was recorded in supermarkets in July, the third month in a row, according to a survey conducted by the Research Institute of Retail Consumer Goods (IELKA) in large supermarket chains.

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.