Bank of Greece: 2.9% Inflation in Greece in 2025, Higher Than Eurozone

The Bank of Greece (ΤτΕ) forecasts that inflation in Greece will be 2.9% in 2025, a higher rate compared to the Eurozone average. According to the latest Inflation Monitor, this difference is mainly due to the Greek economy being in a different phase of the economic cycle.

While inflation in the Eurozone has been declining since the beginning of 2025, thanks to negative inflation in energy, in Greece the prices of unprocessed food and services significantly contribute to maintaining inflation at higher levels. Core inflation in Greece stood at 3.6%.

Since the beginning of 2025, the Harmonized Index of Consumer Prices (HICP) has been on a downward trend, reaching 2.9% in January 2026. Wage growth has slowed, but tightness in the labor market continues to put pressure on service prices. Energy prices, although on a downward trend since the beginning of 2025, have increased in recent months due to geopolitical uncertainties.

Economic analysts predict that inflation in the Eurozone will fall to 1.8% in 2026, while in the US it is expected to remain stable at 2.4%.