Inflation in Greece has declined by approximately 1 percentage point in June, according to Eurostat data, falling to 3.9% from 4.9% recorded in May.
However, the country remains above the Eurozone average, which eased to 2.8% from 3.2% the previous month. Greece continues to rank among the countries with the highest inflationary pressures in the Eurozone. Only Lithuania (5.5%), Bulgaria (5.3%), Croatia (4.2%), and Cyprus (4.0%) recorded higher annual inflation rates, with Greece following at 3.9%, as noted above.
Across the Eurozone as a whole, the easing of inflation was driven primarily by a slowdown in energy price growth, which rose by 8.7% — still significant, but notably lower than the 10.8% recorded in May.
Services remained the second-largest source of inflationary pressure, with prices rising by 3.2%, while food, alcohol, and tobacco prices slowed to 1.6%.
Inflationary pressures are more subdued in the Eurozone’s major economies, with Germany recording inflation of 2.4%, France at 2.0%, Italy at 3.1%, and Spain at 3.6%.
