Inflation slowed in June, both in Greece and in the eurozone, mainly thanks to the decrease in fuel prices. However on a monthly basis Greece recorded an increase in food prices that was the largest in the eurozone, even though the profit ceiling was still in force last month.
According to Eurostat estimates, the harmonized index of consumer prices increased in Greece in June compared to a year earlier by 3.9%, down from an annual increase of 4.9% in May. This is the fifth highest inflation in the eurozone, after Lithuania, Bulgaria, Croatia and Cyprus. In the euro are, the harmonized consumer price index increased in June by 2.8% annually, compared to an annual increase of 3.2% in May.
On a monthly basis, the index rose in Greece by 0.4%, while in the eurozone it fell by 0.1%.
The increase in food prices was 2.5% and was the highest in the eurozone (1.6%).
The domestic wholesale electricity market is also among the most expensive in Europe, despite the de-escalation of prices, due to the easing of the heat wave that afflicted many European countries. The gap between southeastern and western Europe remains huge.
