Greece's annual inflation rate rose to 0.9 percent in January 2020 from 0.8 percent in the previous month, though below market expectations of 2 percent. It was the highest inflation rate since last April, mainly due to prices of transport (5.2 percent vs 3.5 percent in December); alcoholic beverages & tobacco (0.4 percent vs -0.1 percent) and housing (0.2 percent after being flat). In contrast, costs fell for food & non-alcoholic beverages (-0.1 percent vs 0.3 percent); household equipment (-0.5 percent vs -1.3 percent); clothing & footwear (-1.1 percent vs 0.5 percent); recreation & culture (-1.1 percent vs -2 percent) and miscellaneous goods & services (-0.3 percent vs 0.2 percent). On a monthly basis, consumer prices decreased 1.7 percent, after rising 0.7 percent in the previous month.
Inflation Rate in Greece averaged 8.21 percent from 1960 until 2020, reaching an all time high of 33.70 percent in January of 1974 and a record low of -2.90 percent in November of 2013. This page provides the latest reported value for - Greece Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Inflation Rate in Greece is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Greece to stand at 0.90 in 12 months time. In the long-term, the Greece Inflation Rate is projected to trend around 1.00 percent in 2021, according to our econometric models.