Greek inflation jumps to 5.7% in October as housing and transport costs surge

Inflation climbs to 5.7%

Greece's annual consumer price inflation rose to 5.7% in October 2026, up from 5% in September, according to figures from ELSTAT, the Hellenic Statistical Authority, released on 10 November. A year earlier, in October 2025, the annual rate stood at 2%. The annual rate had already risen from 3.8% in August to 5% in September, so the October reading extends a climb that has now run for two months in a row. The general index also rose 0.7% month on month in October, compared with 0.1% in the same month of the previous year. Eurostat's earlier estimate had put Greek annual inflation at 5.6%. The average rate over the twelve months from November 2025 to October 2026 reached 3.9%, against 2.5% in the preceding twelve-month comparison.

2026-08

3.8 %

2026-09

5 %

2026-10

5.7 %

Data from the article text

Energy prices drive the jump

Fuel and energy costs account for much of the acceleration, which the sources link to the ongoing crisis in the Middle East. Natural gas prices were up 80% on a year earlier, diesel 39.4%, heating oil 37.5% and air passenger transport 32.9%. Petrol rose 25% and electricity 17.9% over the same twelve months. Compared with September, however, heating oil fell 12.3%, while natural gas rose 15.3%, electricity 4.7% and petrol 1.3%. Hotels, motels and inns were 27.6% dearer than a year earlier.

Natural gas80%

Diesel39.4%

Heating oil37.5%

Air passenger transport32.9%

Petrol25%

Electricity17.9%

Natural gas

80 %

Diesel

39.4 %

Heating oil

37.5 %

Air passenger transport

32.9 %

Petrol

25 %

Electricity

17.9 %

Data from the article text

Housing and transport carry most of the increase

Housing was the category with the largest annual rise at 15.1%, lifted by rents, home repairs and maintenance, electricity, natural gas, heating oil and solid fuels. Rents rose 6.8% over the year. Transport increased 13.8%, driven by diesel, petrol, vehicle maintenance and air tickets, partly offset by lower prices for new and used cars. The breakdown of contributions shows housing added 2.20 percentage points to headline inflation and transport 1.95. Hotels, cafes and restaurants rose 5.8% and contributed 0.71 points.

Housing15.1%

Transport13.8%

Clothing and footwear3.8%

Food and non-alcoholic beverages2.1%

Health1%

Durable goods and household services0.4%

Housing

15.1 %

Transport

13.8 %

Clothing and footwear

3.8 %

Food and non-alcoholic beverages

2.1 %

Health

1 %

Durable goods and household services

0.4 %

Data from the article text

Food prices rise month on month

Food and non-alcoholic beverages were 2.1% dearer than a year earlier and 2.3% higher within October alone. Fruit rose 11.6% and vegetables 8.3% month on month, and according to the breakdown the two together added 0.38 percentage points, roughly half of the total monthly rise. Breakfast cereals climbed 8.2% in the month. Year on year, dried fish rose 10.4%, lamb and goat 9.1% and vegetables 8.4%. Olive oil was the largest annual decline at 8.4%, followed by rice at 5.9% and fruit juices at 5.3%. Clothing and footwear rose 3.8% year on year, health costs 1.0%, and durable goods with household services 0.4%.