The Bank of Greece has forecast a significant reduction in the country’s inflation rate over the next two years, with expectations that inflation will drop to 2.5% by 2025, down from 3% in 2024. This downward trend is projected to continue, reaching 2.2% in 2026.
The central bank attributes this decline primarily to the sharp reduction in energy prices, as well as a drop in the costs of essential commodities and food items. By the end of 2026, inflation is expected to approach the 2% target, although it will remain slightly above that threshold.
Looking further ahead, inflation is anticipated to rise again to 2.5% in 2027. Core inflation, which excludes energy and food, is also expected to decrease, reaching 2.2% by 2027. This trend is driven mainly by lower inflation in non-energy industrial goods, along with a modest reduction in services-related price increases.
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