In January 2026, Greece recorded an inflation rate of 2.5%, a slight decline from the previous month's 2.6%. Notably, beef prices surged by 25.4%, making it the leading contributor to inflation, while the price of olive oil decreased by 30.6%, highlighting contrasting trends in food prices. Other significant increases were observed in chocolate products by 20.3%, coffee at 17.7%, and fruits rising by 11.8%.

The data from the Hellenic Statistical Authority (ELSTAT) revealed that while beef led the inflation surge, other meats like lamb and pork also saw increases of 8.5% and 4.8%, respectively. In contrast, energy prices displayed a mixed trend with electricity rising by 2.4%, but natural gas prices plummeting by 25.8%. This divergence in price trends underscores the complex nature of Greece's inflation landscape where food prices significantly impact overall inflation metrics.

The fluctuations in food and energy prices raise questions about economic stability and consumer behavior in Greece. As essential goods become more expensive, particularly beef and other foodstuffs, households may adjust their spending patterns, potentially affecting broader economic factors. Policymakers may need to consider these dynamics when formulating economic strategies to mitigate the adverse effects of inflation on consumers.