Greece: Harmonized inflation falls to over one-year low in March
Harmonized inflation came in at 5.4% in March, down from February’s 6.5%. March’s result marked the lowest inflation rate since December 2021. Looking at the details of the release, prices for food and non-alcoholic beverages and for transportation grew at a weaker rate in March. Moreover, housing and utilities prices declined at a more pronounced rate.
In addition, the trend pointed down mildly, with annual average harmonized inflation coming in at 9.2% in March (February: 9.4%). Meanwhile, consumer price inflation fell to 4.6% in March, from February’s 6.1%.
Lastly, harmonized consumer prices increased 1.57% in March over the previous month, accelerating from the 0.20% rise logged in February. March’s figure was the highest reading since September 2022.