Greece’s harmonized index of consumer prices dropped in May to below the average inflation in the eurozone for the first time since last September, according to Eurostat estimates.
So, according to what Eurostat announced, the harmonized consumer price index in Greece is estimated to have been formed in May at 2.3% against 3.2%, which was the annual change of the index in April 2024. With this performance, Greece had the fifth lowest inflation in the eurozone, after Latvia (0.2%), Finland (0.5%), Italy (0.8%), Lithuania (also 0.8%) and Ireland (1.9%).
In the eurozone, the harmonized index of consumer prices followed the opposite path to that in Greece, as it reached 2.6% in May, compared to 2.4% in April. Services are now the ones pushing up the consumer price index, as at the eurozone level their prices rose 4.1% year-on-year compared to an annual change of 3.7% in April. Increases also continued in food, 2.6% in May from 2.8% in April, while the separate energy price index stood at 0.3% from 0.6% in April.
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