Consumer prices in Greece fell 2 percent over a year earlier in January of 2021, following a 2.3 percent drop in the previous month and above the expected 2.3 percent drop. It is the tenth consecutive month of deflation, as prices fell for transport (-5.7 percent vs -7.7 percent in December); housing (-3.4 percent vs -4.2 percent); miscellaneous goods and services (-2.4 percent vs -2.9 percent); household equipment (-2.2 percent vs -2.4 percent), and communication (-2.1 percent vs -2.2 percent). Furthermore, prices fell at a faster rate for health (-1.2 percent vs -1.1 percent). On a monthly basis, consumer prices decreased 1.3 percent, following a 0.4 percent increase in the prior month. source: National Statistical Service of Greece

Inflation Rate in Greece averaged 8.05 percent from 1960 until 2021, 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. Greece Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.

Inflation Rate in Greece is expected to be -0.80 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 1.50 in 12 months time. In the long-term, the Greece Inflation Rate is projected to trend around 1.70 percent in 2022, according to our econometric models.

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Greece Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-2.00 -2.30 33.70 -2.90 1960 - 2021 percent Monthly
2009=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-10 10:00 AM Oct -1.8% -2% -1.8%
2020-12-10 10:00 AM Nov -2.1% -1.8% -1.6%
2021-01-14 10:00 AM Dec -2.3% -2.1% -2%
2021-02-15 10:00 AM Jan -2.0% -2.3% -2.3% -2.1%
2021-03-10 10:00 AM Feb -2.0%
2021-04-09 09:00 AM Mar
2021-05-12 09:00 AM Apr
2021-06-10 09:00 AM May
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Greece Consumer Prices Fall for 10th Straight Month
Consumer prices in Greece fell 2 percent over a year earlier in January of 2021, following a 2.3 percent drop in the previous month and above the expected 2.3 percent drop. It is the tenth consecutive month of deflation, as prices fell for transport (-5.7 percent vs -7.7 percent in December); housing (-3.4 percent vs -4.2 percent); miscellaneous goods and services (-2.4 percent vs -2.9 percent); household equipment (-2.2 percent vs -2.4 percent), and communication (-2.1 percent vs -2.2 percent). Furthermore, prices fell at a faster rate for health (-1.2 percent vs -1.1 percent). On a monthly basis, consumer prices decreased 1.3 percent, following a 0.4 percent increase in the prior month.
2021-02-15
Greek Deflation Deepens in November
Consumer prices in Greece fell 2.1 percent over a year earlier in November of 2020, following a 1.8 percent drop in the previous month and marking the 8th straight month of deflation. Main downward pressure came from prices of transport (-6.9 percent vs -7.2 percent in October); household equipment (-2.7 percent vs -1 percent); housing (-4.4 percent vs -4.6 percent); clothing & footwear (-3.6 percent vs -0.5 percent) and miscellaneous goods & services (-2.7 percent vs -1.3 percent). At the same time, inflation remained steady for food & non-alcoholic beverages (at 1.9 percent). On a monthly basis, consumer prices decreased 0.9 percent, following a 0.3 percent increase in the prior month.
2020-12-10
Greek Deflation Softens in October
Consumer prices in Greece dropped 1.8 percent over a year earlier in October 2020, following a 2 percent fall in the previous month. Cost declined at a softer pace for transport (-7.2 percent vs -8.5 percent in September), namely fuels and lubricants and tickets for passenger transport by air, railway and road; miscellaneous goods & services (-1.3 percent vs -1.9 percent); household equipment (-1 percent vs -1.3 percent); restaurants & hotels (-0.7 percent vs -0.8 percent); and recreation & culture (-1 percent vs -1.2 percent). On the other hand, prices dropped further for housing (-4.6 percent vs -4.5 percent); and cost of clothing and footwear went down (-0.5 percent vs 2.8 percent). Also, food inflation was steady at 1.9 percent. On a monthly basis, consumer prices advanced 0.3 percent, rebounding from a 0.6 percent decrease in the prior month.
2020-11-10
Greece Deflation Highest in 5 Years
Consumer prices in Greece fell 1.9 percent year-on-year in August of 2020, following a 1.8 percent drop in July and marking the 5th straight month of deflation. It is the biggest fall in consumer prices since July of 2015, mainly due to cost of transport (-8.5 percent), namely fuels and lubricants and tickets for passenger transport by air, railway and road; housing (-4.5 percent), namely heating oil and natural gas; and miscellaneous goods and services (-1.9 percent). In contrast, food inflation edged up to 1.9 percent and prices of clothing and footwear increased 2.8 percent. On a monthly basis, consumer prices dropped 0.6 percent.
2020-09-10

Greece Inflation Rate
In Greece, the most important categories in the consumer price index are: food and non-alcoholic beverages (17 percent of total weight); transport (13 percent); housing (12 percent) and hotels, cafés and restaurants (11 percent). The index also includes: clothing and footwear (9 percent); health (7 percent); furnishing and household equipment (7 percent); recreation and culture (5 percent); communication (5 percent). Education, alcoholic beverages, tobacco and other goods and services account for the remaining 14 percent of total weight.