Inflation in Greece fell to 2.4% in October, from 2.9% in September.

According to ELSTAT data, the slowdown in food price increases is noticeable, with prices rising by 1.5% year-on-year in October (from 3.2% in the previous month), with decreases in flour and cereals, pasta, dairy products, fruit and coffee. Prices increased by 3% in housing, mainly due to increases in rents (+6.5%), electricity (+12.9%) and gas (+10.2%).

In particular, as announced by ELSTAT, the comparison of the general consumer price index for October 2024 with the corresponding index for October 2023 showed an increase of 2.4% compared to an increase of 3.4% in the corresponding comparison of 2023 with 2022.

The General CPI in October 2024, compared to September 2024, showed no change. There was a 0.6% increase in the same comparison last year.

The average CPI for the November 2023 - October 2024 12-month period, compared to the November 2022 - October 2023 12-month period, showed an increase of 2.9%, compared to an increase of 4.2% for the November 2022 - October 2023 12-month period compared to the November 2021 - October 2022 12-month period.