Eurostat: Olive Oil Prices Jump 67% Within a Year in Greece

February 27, 2024

BRUSSELS  – The price of olive oil in the European Union surged 50% in January 2024 compared to January 2023, as reported by Eurostat on Tuesday, with Greece among the three countries experiencing the highest increase.

Olive oil prices saw a dramatic rise in the latter half of 2023, marking a 37% increase in August (compared to August 2022). This upward trend gained momentum in September (+44%) and October (+50%). The peak in the annual rate of change was reached in November 2023 (+51% compared to November 2022). December saw a slight deceleration, with prices rising 47% higher (compared to December 2022).

All EU countries reported an annual inflation increase for olive oil, with the highest spikes in January 2024 compared to the same month in 2023 seen in Portugal (+69%), Greece (+67%), and Spain (+63%).

Conversely, the smallest price increases were observed in Romania (+13%), Ireland (+16%), and the Netherlands (+18%).


ATHENS - Expecting another record year in tourism to surpass the numbers in 2023 in arrivals and revenues, Greece’s infrastructure - particularly on overwhelmed islands - isn’t adequate to deal with the demands even as more resorts keep opening.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


New York Greek Independence Parade Honors 1821 and Grim Anniversary for Cyprus (Vid & Pics)

NEW YORK – The New York Greek Independence Parade on Fifth Avenue, commemorating the 203rd anniversary of the Greek Revolution of 1821, was held in an atmosphere of emotion and pride on April 14.

NEW YORK – "We are waiting for you on Fifth Avenue with our flag held high," said two-time NFL champion, George Karlaftis, in the Greek language, concluding his speech to all those present at the New York Greek Independence Parade Gala on April 13 at the New York Hilton Midtown hotel, amid applause.

ATHENS – The Municipal Theater of Piraeus is carrying out a historic revival.

ATHENS – The Herbalists Without Borders, Athens Chapter, hosted a public groundbreaking garden event on April 9 to establish the Dioscorides Garden on the iconic grounds of the Zappeion in Syntagma, Athens.

LITOCHORO – Ecogenia announced the start of the new Social Service Program in Litochoro, Pieria, at a press conference on March 29.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.