Madhumitha Jaganmohan
Research expert covering climate and environmental sustainability
Get in touch with us nowThe inflation rates of energy commodity prices in Greece rose significantly in 2021 and 2022. Gas saw the steepest rise, with the inflation rate standing at 221 percent in August 2022. These increases in inflation were driven further by Russia's invasion of Ukraine, which has caused uncertainty over Europe's security of gas supply as well as intense energy price volatility. However, since the beginning of 2023, energy commodity prices have shown a decrease in the country.
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