The harmonized consumer price index in Greece slowed to 4.1% in May from 4.5% in April, 5.4% in March, 6.5% in February and 7.3% in January amidst food prices continuing their upward trend and energy prices falling further, Eurostat said.
Greece still has the fifth lowest inflation in the eurozone after Luxembourg (2%), Belgium (2.7%), Spain (2.9%) and Cyprus (3.6%). Based on Eurostat’s preliminary data, the price index fell to 6.1% in May in the eurozone compared to 7% in April.
The latest figures show that inflation in Greece is gradually returning to the levels of November 2021, when the harmonized consumer price index was at 4%.
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