Inflation heats up, with housing costs up 15.1% and transport 13.8%

Inflation accelerated to 5.7% in October 2026, according to ELSTAT. The biggest contributors to price rises were housing (heating, rents, etc.), up 15.1%, and transport (fuels), up 13.8%.

Inflation heats up, with housing costs up 15.1% and transport 13.8%

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A comparison of the General CPI for October 2026 with the corresponding index for October 2025 showed a 5.7% increase, against a 2.0% rise in the corresponding comparison between 2025 and 2024, ELSTAT said.

The General CPI rose by 0.7% in October 2026 compared with September 2026, against a 0.1% increase in the corresponding comparison a year earlier.

The average CPI for the 12 months from November 2025 to October 2026 rose by 3.9% compared with the corresponding index for the 12 months from November 2024 to October 2025. This compares with a 2.5% increase in the corresponding comparison between the 12 months from November 2024 to October 2025 and the 12 months from November 2023 to October 2024.

Sectors

The 5.7% increase in the General CPI in October 2026 compared with the corresponding index for October 2025 was driven mainly by price movements in the following groups of goods and services:

1. Increases in the indices of:

  • 2.1% for Food and non-alcoholic beverages, mainly due to higher prices for bread and other bakery products, beef, lamb and goat meat, fresh or frozen fish, salted fish, cheese, eggs and vegetables (general). Part of the increase was offset by lower prices, mainly for rice, pasta, fresh whole milk, olive oil, fruit (general) and fruit juices.
  • 3.8% for Clothing and footwear, due to higher prices for clothing and footwear.
  • 15.1% for Housing, mainly due to higher prices for actual rentals for housing, maintenance and repair of dwellings, various services related to the home, electricity, natural gas, heating oil and solid fuels.
  • 0.4% for Durable goods, household goods and services, mainly due to higher prices for domestic services. Part of the increase was offset by lower prices, mainly for furniture, decorative items and carpets, and household cleaning and maintenance products.
  • 1.0% for Health, mainly due to higher prices for outpatient services and hospital care. Part of the increase was offset by lower prices, mainly for pharmaceutical products.
  • 13.8% for Transport, mainly due to higher prices for diesel, motor fuels (petrol), other fuels, maintenance and repair of personal transport equipment, other services related to personal transport, and passenger air fares. Part of the increase was offset by lower prices, mainly for new and second-hand cars.
  • 2.1% for Recreation, sport and culture, mainly due to higher prices for gardening products and pets, recreational services, cultural services and package holidays. Part of the increase was offset by lower prices, mainly for durable recreational goods.
  • 2.9% for Education, mainly due to higher fees for pre-primary and primary education and secondary education.
  • 5.8% for Hotels, cafés and restaurants, mainly due to higher prices at restaurants, patisseries, fast-food outlets and canteens, and at hotels, motels and inns.
  • 3.5% for Insurance and financial services, mainly due to higher health and vehicle insurance premiums.
  • 1.2% for Personal care, social protection and other goods and services, mainly due to higher prices at hairdressers and personal care establishments.

2. Decreases in the indices of:

  • 0.2% for Alcoholic beverages and tobacco, mainly due to lower prices for alcoholic beverages not served.
  • 2.2% for Information and communication, mainly due to lower prices for sound and image processing equipment, mobile phone services and telephone service bundles.
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