Greece’s annual inflation rate stood at 2.7% in July, according to final Eurostat data that confirmed the initial estimate. At the Eurozone level, inflationary pressures edged slightly higher, with the annual rate climbing to 2.9% from 2.8% in June. For comparison, inflation had stood at 2% in July 2025.
A similar trend was recorded across the European Union as a whole, where inflation rose to 3% from 2.9% the previous month, compared to 2.4% in the same month of 2025. The picture, however, varies considerably across member states. Compared to June, annual inflation fell in 15 countries, remained unchanged in three, and accelerated in nine.
Inflation: The picture across the EU
Sweden recorded the lowest rate at just 0.3%, followed by the Czech Republic at 1.3%, and Denmark and Hungary at 1.6%. At the other end of the spectrum, Romania posted by far the highest inflation rate in the EU at 8.2%, followed by Lithuania at 5.4%, and Cyprus and Bulgaria at 4.4%.
Services continue to play a decisive role in shaping Eurozone inflation. According to Eurostat, this category made the largest positive contribution, adding 1.55 percentage points.
Energy followed with a contribution of 0.94 percentage points, while non-energy industrial goods and the food, alcohol and tobacco category each added 0.23 percentage points respectively.
The data indicate that, despite the differences from country to country, price pressures remain persistent across the European economy — with Greece nevertheless tracking below the average of both the Eurozone and the EU as a whole.
