Annual inflation in Greece was 3.1% in September, almost twice as much as in the eurozone, according to Eurostat‘s final data. In its first estimate, Eurostat put Greece’s inflation at 3.0%, while in August it was at 3.2%.
In September, food price increases in our country became stronger, as they increased by 3.2% compared to the corresponding month last year. In August they had increased by 2.2% and in July by 1.2% annually.
Annual inflation in the euro area was 1.7% in September, compared to 2.2% in August and 1.8% in the first estimate issued by Eurostat. A year ago it was 4.3%. In the European Union it was 2.1%, from 2.4% in August. A year ago it was 4.9%.
Eurozone core inflation, which excludes volatile energy and unprocessed food prices, decelerated slightly to 2.7% year-on-year from 2.8% a month earlier.
In September, the biggest contributor to the euro area’s annual inflation rate was services (+1.76 percentage points, p.p.), followed by food, alcohol and tobacco (+0.47 p.p.). ), non-energy industrial goods (+0.12 p.p.) and energy (-0.60 p.p.). 
The lowest annual rates were recorded in Ireland (0.0%), Lithuania (0.4%), Slovenia and Italy (both 0.7%). The highest annual rates were recorded in Romania (4.8%), Belgium (4.3%) and Poland (4.2%). Compared to August 2024, annual inflation fell in twenty Member States, remained stable in two and rose in five.
The ECB
Against the background of the new data on inflation, with the eurozone “locked” at 1.7%, the European Central Bank is meeting, which is expected to decide on a new reduction in interest rates by 25 basis points.
Although inflation is expected to pick up in the last quarter of the year because fuel prices will compare to last year’s low levels, unlike in previous months, it is now clear that it is moving towards the target.
Source: ot.gr
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