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.


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Greece Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.80 33.70 -2.90 1960 - 2020 percent Monthly
2009=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-08 10:00 AM Oct -0.7% -0.1% -0.3% -0.3%
2019-12-10 10:00 AM Nov 0.2% -0.7% -0.3% -0.8%
2020-01-13 10:00 AM Dec 0.8% 0.2% 0.7% 0.5%
2020-02-14 10:00 AM Jan 0.9% 0.8% 1% 0.9%
2020-03-10 10:00 AM Feb 0.9%
2020-04-10 09:00 AM Mar 0.6%
2020-05-08 09:00 AM Apr
2020-06-10 09:00 AM May
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Greek January Inflation Rate at 9-Month High of 0.9%
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.
2020-02-14
Greek Inflation Rate at 8-Month High in December
Greece's consumer prices rose 0.8 percent from a year earlier in December of 2019, following a 0.2 percent increase in the previous month and above market forecasts of a 0.7 percent rise. It was the highest inflation rate since April, as cost rebounded for food & non-alcoholic beverages (0.3 percent vs -0.5 percent in November); clothing & footwear (0.5 percent vs -0.3 percent). In addition, housing prices came flat after decreasing 1.3 percent in November while for transport cost advanced faster (3.5 percent vs 2.2 percent). On the other hand, prices continued to fall for household equipment (-1.3 percent vs -0.7 percent) and recreation & culture (-2.0 percent vs -1.7 percent) while inflation was steady for health (at 1.9 percent). On a monthly basis, consumer prices increased 0.7 percent, after a 0.6 percent fall in the prior month.
2020-01-13
Greek Inflation Rate at 6-Month High in November
Greece's consumer prices rose 0.2 percent from a year earlier in November 2019, after a 0.7 percent fall in the previous month and above market forecasts of a 0.3 percent decline. It was the highest inflation rate since May, as prices rebounded for transport (2.2 percent from -0.2 percent in October) and miscellaneous goods & services (0.7 percent from -1.3 percent). Also, cost of health advanced further (1.9 percent from 1.8 percent). Additionally, prices fell less for food & non-alcoholic beverages (-0.5 percent from -1.6 percent); housing (-1.8 percent from -2.4 percent); clothing & footwear (-0.3 percent from -0.5 percent); household equipment (-0.7 percent from -2.4 percent); recreation & culture (-1.7 percent from -1.9 percent). Meantime, inflation was steady for education (at 0.6 percent). On a monthly basis, consumer prices dropped 0.6 percent, following a 0.8 percent gain in the prior month.
2019-12-10
Greek Consumer Prices Fall the Most since 2016
Greece's consumer prices went down 0.7 percent from a year earlier in October 2019, faster than a 0.1 percent drop in the previous month and market forecasts of a 0.3 percent fall. It was the steepest decline in consumer prices since November 2016. Prices fell for food & non-alcoholic beverages (-1.6 percent vs -2.1 percent in September); housing (-2.4 percent vs 0.8 percent); transport (-0.2 percent vs 1 percent); clothing & footwear (-0.5 percent, after being flat in September); household equipment (-2.4 percent vs -2.3 percent); recreation & culture (-1.9 percent vs -1.7 percent) and miscellaneous goods & services (-1.3 percent vs -0.3 percent). Meanwhile, inflation was steady for health (at 1.8 percent) and cost rebounded for education (0.6 percent vs -0.2 percent). On a monthly basis, consumer prices went up 0.8 percent, easing from a 2.1 percent rise in the previous month.
2019-11-08

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.