FX.co ★ Greek CPI Sees Decline, Hits 2.4% In October 2024

The Consumer Price Index (CPI) in Greece marked a decline in October 2024, settling at 2.4%, down from 2.9% in September 2024. This data highlights a continued easing in inflationary pressures within the Greek economy as reported on November 8, 2024.

This change signifies a slower growth in the cost of goods and services compared to the same month in the previous year, aligning with a broader trend of moderation. The year-over-year comparison reveals that the rising cost of living is somewhat stabilizing, offering potential relief for consumers and businesses that have been managing fluctuating prices.

The transition to a lower CPI could have implications for government policy, investor confidence, and economic planning. As Greece navigates its fiscal strategies, the decline in the CPI might also influence future monetary policies, potentially affecting interest rates and economic growth projections. Stakeholders will be keeping a watchful eye on upcoming data releases for any shifts in this trajectory.