Greek consumer price inflation rose to 5.7% in October 2026, from 5.0% in September, ELSTAT data released on 10 November show. Rents for homes rose 6.8% a year, up from 5.9%, and the housing and energy group rose 15.1%.
ELSTAT, the Hellenic Statistical Authority, said in its consumer price index (CPI) release that prices rose 0.7% between September and October. In October 2025 the annual rate was 2.0%. The harmonised index used for euro area comparisons (HICP) also rose 5.7% a year, against 1.6% a year earlier, according to the separate HICP release.
The group “housing, water, electricity, gas and other fuels” rose 15.1% a year, the fastest of all groups, ahead of transport at 13.8%. In the September release the housing group was up 14.7%.
Rents and energy bills
Rents for dwellings rose 6.8% a year in October and 1.3% on the month. The same series was up 5.9% a year in September, as we reported in our September inflation report. The index measures rents paid by tenants, not asking rents in listings.
| Item | September 2026, annual change (%) | October 2026, annual change (%) | October vs September 2026 (%) |
|---|---|---|---|
| Rents for dwellings | 5.9 | 6.8 | 1.3 |
| Electricity | 15.0 | 17.9 | 4.7 |
| Natural gas | 55.2 | 80.0 | 15.3 |
| Heating oil | 53.2 | 37.5 | -12.3 |
| All items (CPI) | 5.0 | 5.7 | 0.7 |
Electricity rose 17.9% a year and natural gas 80.0%. Heating oil was still 37.5% dearer than a year earlier, but fell 12.3% on the month.
What it means for buyers
For owners who let long-term, rents paid by tenants are rising faster, at 6.8% a year against 5.9% in September. Running costs are rising faster still: electricity and gas bills matter for landlords who include utilities, and for holiday homes heated in winter. On these figures, energy prices are rising well ahead of rents, which squeezes net returns where the owner pays the bills.
What happens next
ELSTAT publishes September data on arrivals and nights in hotels and short-stay accommodation on 19 November, its release calendar shows.
