Inflation likely to stay high in November as fuel, food and travel prices jump

Inflation in Greece is expected to stay high through November after a gradual but steady rise in energy prices. Brent crude has stabilized above $100 a barrel, touching $109, and natural-gas prices have risen to between €80 and €86 per MWh. These increases have lifted wholesale electricity costs to €247 per MWh, a 10.64% rise from the previous month, raising worries about household power bills.

The ministries overseeing the economy and development note that food prices could also climb, even though a temporary deal with supermarkets to curb costs expires at month’s end. In the transport sector, ferry operators report that fuel expenses have roughly doubled, leading to potential route reductions and slower services, while Ryanair chief Michael O’Leary warned of a possible 20% hike in ticket prices. The government argues that fiscal constraints from the Stability Pact limit its ability to introduce further support measures.