January 27, 2023

Athens News

News in English from Greece

ΕΛΣΤΑΤ: inflation fell to 7.2%


Inflation eased to 7.2% in December from 8.5% in November, reaching an annual average of 9.6% in 2022 from 1.2% in 2021.

Natural gas prices (twelve months) rose by 50%, but at the same time electricity prices fell by 8.8%. In addition, heating oil prices rose marginally by 1.4% (which was contained thanks to government subsidies).

A large increase in prices was recorded in food products:

  • 18.1% for bread,
  • 17.8% for meat,
  • 25.6% for dairy products,
  • 21.7% for oils and fats,
  • 13.2% for coffee,
  • 8.7% for sugar, sweets and chocolate.

Significant price increases are also observed:

  • for essential goods (household consumption) 18.1%,
  • 24.7% for energy carriers – solid fuel,
  • 11.1% for cars,
  • 36.7% on air tickets,
  • 14.5% on cinema and theater tickets.

From November to December, prices also increased for:

  • beef 2.2%,
  • pork 2.4%,
  • fish 3.1%,
  • cheeses 1.2%,
  • olive oil 2%,
  • frozen vegetables 2%,
  • clothing and footwear 4.8%.



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