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Greek Inflation Slows to 2.4% in October

Greece's October 2024 inflation rate was 2.4%, down from 2.9% in September, with slowing food price increases and increases in housing, energy and other sectors.

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What was Greece's inflation rate in October 2024?: Greece's inflation rate slowed down to 2.4% in October 2024, compared to 2.9% in September. This decrease is mainly due to a significant slowdown in food price increases.
Which sectors experienced the largest price increases in October 2024?: The largest price increases in October were observed in housing (3%), driven by rising rents, electricity, and natural gas costs. Other notable increases occurred in clothing and footwear, and restaurants.
How did the consumer price index change on a monthly basis in October 2024?: On a monthly basis, the consumer price index showed no change in October compared to September. However, this masked increases in some sectors and decreases in others, resulting in a net-zero change.
What was the year-on-year inflation rate in October 2024 compared to October 2023?: Compared to October 2023, the year-on-year inflation rate was 2.4% in October 2024, lower than the 3.4% increase seen in the same period of 2023. This reduction shows a continuing moderation in inflationary pressures.
What was the average consumer price index increase for the twelve months from November 2023 to October 2024 compared to the previous year?: The average consumer price index for the twelve months from November 2023 to October 2024 showed a 2.9% increase compared to the previous twelve-month period. This represents a significant reduction compared to the 4.2% year-on-year inflation in the previous period.

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