Inflation rate drops at 4,1% in Greece in May, at 6,1% the reading in Eurozone
Inflation rate drops at 4,1% in Greece in May, at 6,1% the reading in Eurozone
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Inflation rate drops at 4,1% in Greece in May, at 6,1% the reading in Eurozone

The lowest inflation in the eurozone is recorded in Luxembourg (2%), Belgium (2.7%), Spain (2.9%), Cyprus (3.6%) and Greece (4.1%).
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RE+D magazine
01.06.2023
Eurozone inflation has fallen more than economists expected to hit its lowest level since Russia’s invasion of Ukraine more than a year ago, but the head of the European Central Bank signalled more interest rate rises were needed to tame persistent price pressures.

In Greece, annual inflation is expected to fall to 4.1% in May from 4.5% in April according to Eurostat data.

According to the European Statistical Authority the annual inflation of the euro zone is expected to decrease to 6.1% in May 2023, from 7% in April.

Breaking the figure into the key components of inflation in the euro area, food, alcohol and tobacco are expected to have the highest annual rate in May (12.5%, up from 13.5% in April), followed by non-energy industrial goods (5.8%, compared to 6.2% in April), services (5%, compared to 5.2% in April) and energy (-1.7%, compared to 2.4% in April). In May, the highest level of inflation in the eurozone was recorded by Latvia and Slovakia (12.3%), Estonia (11.2%) and Lithuania (10.7%).

The lowest inflation in the eurozone is recorded in Luxembourg (2%), Belgium (2.7%), Spain (2.9%), Cyprus (3.6%) and Greece (4.1%).


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