Inflation in Greece Surges to 5.4% in April

Greek ostentation jumped to 5.4% successful April 2026, up from 3.9% successful March, arsenic fuel, energy, transport and nutrient costs continued to squeeze household budgets, according to information from ELSTAT, Greece’s authoritative statistics authority.

Transport costs led the surge, rising 10% compared to April past year. Diesel prices soared 32.4% year-on-year, gasoline climbed 17.1%, and different fuels spiked 42.4%. Air rider fares were up 18.6%.

Food and non-alcoholic beverages roseate 4.4% annually. Beef prices accrued 19.2%, lamb and goat 13.3%, and margarine and vegetable oils 11.6%.

On a monthly basis, the wide user terms scale roseate 1.5% successful April compared to March. Clothing and footwear jumped 4.5% arsenic post-winter income discounts expired. Housing costs, including rents, electricity, earthy state and heating oil, roseate 4.4%. Vehicle security premiums drove a 1.3% summation successful fiscal services. Hotels, cafes and restaurants posted a 1.1% monthly rise.

Officials with cognition of the situation warned that user pressures will intensify successful the coming months, with the wave of terms increases showing nary motion of abating. Reports person raised the question of whether the authorities whitethorn revive subsidy programs, antecedently introduced arsenic Fuel Pass and Market Pass during earlier inflationary periods, drafting connected a reported reserve of 200 cardinal euros.

The cost-of-living shock

All indicators constituent to the terms daze being acold from temporary. Even if geopolitical tensions ease, the ripple effects of successive terms increases are expected to support weighing connected markets, testing the resilience of some consumers and businesses and confronting the authorities with hard choices astir however to easiness the load connected households.

Supermarkets and suppliers look to beryllium holding their positions, waiting for a solution to the ongoing struggle earlier adjusting their pricing strategies.

According to a survey by IELKA, the Hellenic Institute of Retail Consumer Research, nutrient remains the superior source of fiscal unit for Greek households, adjacent arsenic substance prices person risen sharply. Four successful 10 consumers place nutrient arsenic their biggest expense, compared to 34% who mention vigor and 21% who constituent to fuel.

Source: tovima.com