Greece’s Harmonised Index of Consumer Prices (HICP) inflation slowed in July 2026, with the annual rate easing to 2.7%, down from 3.9% in June 2026. The data, updated on 7 August 2026, show a notable deceleration in price growth on a year-over-year basis.
Both the current and previous readings are measured against the same month a year earlier, meaning July’s 2.7% reflects how prices have changed compared to July of the previous year, while June’s 3.9% was compared to June a year earlier. The shift suggests that price pressures in Greece are moderating as the summer progresses, potentially easing some of the strain on households and businesses.
The latest figures will be closely watched by policymakers and markets, as the cooling in HICP inflation could influence expectations around the broader inflation path in Greece and within the euro area.
