Greece’s annual inflation rate rose to 3.9% in March 2026, up from 2.7% in February, marking its highest level since March 2023. The acceleration was mainly driven by sharper price increases in housing and utilities (5.7% vs. 2.6%), transportation (8.1% vs. 1%), and health (1.4% vs. 0.5%).
Prices for alcoholic beverages and tobacco also increased by 0.9% after remaining flat in the previous month. At the same time, deflation moderated in the categories of information and communication (-2.3% vs. -2.4%) and miscellaneous goods and services (-0.4% vs. -0.6%).
By contrast, price growth slowed for food and non-alcoholic beverages (4.5% vs. 5.2%), clothing and footwear (2.1% vs. 10.1%), and restaurants and hotels (6.1% vs. 6.5%).
On a monthly basis, consumer prices jumped 2.6% in March, after a modest 0.1% increase in February. Meanwhile, the EU-harmonised annual inflation rate climbed to 3.4%, its highest level since July 2025, up from 3.1% in the previous month.
