Annual inflation in Greece at 2.3 pct in May 2024, according to Eurostat flash estimate

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The annual inflation rate in Greece is expected to shrink to 2.3 percent in May, down from 3.2 percent in April and 4.1% in May 2023, according to a flash estimate released by Eurostat on Friday.

Euro area annual inflation is expected to be 2.6 percent in May 2024, up from 2.4 percent in April, according to Eurostat’s report.

Looking at the main components of euro area inflation, services is expected to have the highest annual rate in May (4.1%, compared with 3.7% in April), followed by food, alcohol and tobacco (2.6%, compared with 2.8% in April), non-energy industrial goods (0.8%, compared with 0.9% in April) and energy (0.3%, compared with -0.6% in April).

In May, the highest estimated inflation rates in the eurozone was recorded by Belgium (4.9%), Croatia (4.3%) and Portugal (3.9%). The lowest estimated inflation rates in the eurozone were recorded in Latvia (0.2%), Finland (0.5%), Italy and Lithuania (both 0.8%).

Source: ANA – MPA

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