inflation

Why Are Europeans Protesting? The Anger Behind Europe’s Unrest

  From French classrooms struggling with teacher shortages to Portuguese households facing soaring housing costs, the grievances driving Europe's latest wave of protests extend far beyond the violent scenes that have dominated international headlines. Demonstrations across France, Italy, Spain, Portugal, Belgium...

Why Turks Keep $600 Billion in Gold ‘Under the Pillow’

Turkey’s gold-stashing habit is drawing renewed scrutiny from officials who say hundreds of billions of dollars in household wealth remain outside the formal financial system, limiting bank funding and complicating efforts to control inflation and external imbalances. The practice, known...

Diesel Prices in Greece Surge 12.1%, Third-Highest Rise in EU

Diesel prices in Greece climbed sharply in July, posting one of the largest monthly increases recorded across the European Union, according to new data from Eurostat. Prices rose 12.1% compared with June, placing Greece third among the bloc's 27...

Greeks Lead Eurozone in Shopping on Chinese Platforms Like Temu and Shein

Greeks are making purchases from Chinese online platforms at a higher rate than any other consumers in the Eurozone, according to new research by the European Central Bank (ECB) which highlights the continuing pressure of household budgets in Greece...

Greece Launches New Digital Tool Comparing Supermarket Prices

Greece unveiled a new digital price-comparison tool on Thursday, allowing consumers to track down the cheapest grocery options before they ever reach the supermarket checkout. In a short video posted to social media, Prime Minister Kyriakos Mitsotakis introduced the digital...

Greece Faces Growth Slowdown, Inflation Rise — EU Spring Forecast Warns

A severe regional energy price shock will slow Greece’s economic growth and drive up inflation through 2026, according to the European Commission’s Spring Economic Forecasts released on Thursday. The Commission revised Greece’s GDP growth downward to 1.8% for 2026 (down...

Inflation in Greece Climbs Faster Than Eurozone Average

Inflation in Greece saw a sharp acceleration in April 2026, with preliminary estimates from the Hellenic Statistical Authority (ELSTAT) indicating that the Consumer Price Index (CPI) is moving into the 4.9% to 5% range, up significantly from 3.9% in...

Greece’s Inflation Climbs to 2.9% as Eurozone Stays Near ECB Target

Greece’s inflation rate continued to rise in December, with annual consumer price growth reaching 2.9%, according to the latest data from Eurostat. This follows an increase to 2.8% in November, extending the upward trend after two months of easing...

Can Greece’s Economy Thrive as EU Funds Taper Off in 2026?

As Greece enters 2026, the government appears confident that the period of economic growth will continue. Kyriakos Pierrakakis, Greece's Minister of National Economy and Finance, characterized the new year as a period of "growth, investment, and citizen-centric policy." In a...

Food Insecurity in Greece: Data Reveals the Impact of High Prices

Data from the Hellenic Statistical Authority (ELSTAT) show the extent of food insecurity in Greece and highlight the harsh reality many Greek households face amid the ongoing cost-of-living crisis, specifically detailing the number of people struggling to secure adequate...