Greece Records Second Lowest Food Inflation in EU for November

Greece Records Second Lowest Food Inflation in EU for November

Business

Greece reported the second lowest food inflation rate among the 27 EU member states in November, signaling a significant easing of supermarket cost pressures on households, CE Report quotes Athens-Macedonian

Eurostat data revealed that food and non-alcoholic drink prices in Greece increased by just 0.4% year-on-year, far below the EU average of 2.5%. This marks the lowest inflation rate for these categories in Greece since May 2021, prior to the economic impacts of Russia's invasion of Ukraine and the COVID-19 pandemic.

Greece's overall consumer price index stood at 3%, slightly above the EU average of 2.5%. However, on a monthly basis, the country achieved the second-best performance in the EU, with prices dropping by 1.2% from October to November, surpassed only by Malta’s 3.2% decrease.

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