FX.co ★ Greek HICP Inflation Edges Up to 4.9% in May on Annual Basis

Greece’s Harmonised Index of Consumer Prices (HICP) accelerated in May 2026, with annual inflation rising to 4.9% year-over-year, up from 4.6% in April 2026. The data, updated on 10 June 2026, indicate a modest pickup in price pressures compared with the same month a year earlier.

The May reading confirms that inflation in Greece remains elevated on a harmonised basis, as measured against the euro area standard. While the change from April to May is relatively small, the upward shift suggests that underlying price dynamics have not yet eased significantly and that inflationary forces continue to be a factor in the Greek economy.

The comparison is based on year-over-year changes, with the current figure reflecting the percentage increase in prices in May 2026 versus May 2025, and the previous figure showing April 2026 versus April 2025. This framework highlights the persistence of inflation over time rather than short-term month-to-month volatility.