The inflation rate in Greece fell to 0.2 percent year-on-year in May 2019, the lowest since April 2018, from 1 percent in the previous month as prices rose at a softer pace for food and non-alcoholic beverages (0.5 percent vs 1.3 percent) and transport (1.1 percent vs 4.3 percent). In addition, cost fell for: housing (-0.7 percent vs 1.4 percent); household equipment (-1.9 percent vs -1.8 percent); and recreation and culture (-1.8 percent vs -1.6 percent). On a monthly basis, consumer prices dropped 1.1 percent, reversing a 1 percent gain in April. Inflation Rate in Greece averaged 8.31 percent from 1960 until 2019, 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.

Inflation Rate in Greece is expected to be 0.00 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 1.20 in 12 months time. In the long-term, the Greece Inflation Rate is projected to trend around 1.70 percent in 2020, according to our econometric models.

Greece Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-12 10:00 AM Inflation Rate YoY 0.6% 0.4% 0.5% 0.4%
2019-04-10 09:00 AM Inflation Rate YoY 0.9% 0.6% 0.5% 0.6%
2019-05-10 09:00 AM Inflation Rate YoY 1% 0.9% 1%
2019-06-10 09:00 AM Inflation Rate YoY 0.2% 1% 1.1%
2019-07-10 09:00 AM Inflation Rate YoY 0.2% 0%
2019-08-08 09:00 AM Inflation Rate YoY
2019-09-10 09:00 AM Inflation Rate YoY


Greece Prices Last Previous Highest Lowest Unit
Inflation Rate 0.20 1.00 33.70 -2.90 percent [+]
Consumer Price Index CPI 106.95 108.14 111.34 1.14 Index Points [+]
Harmonised Consumer Prices 102.93 103.33 104.67 58.92 Index Points [+]
Core Consumer Prices 99.60 97.40 105.30 96.90 Index Points [+]
Core Inflation Rate 0.30 0.20 3.13 -16.39 percent [+]
GDP Deflator 96.80 95.00 100.80 58.61 Index Points [+]
Producer Prices 108.50 107.20 114.60 76.10 Index Points [+]
Producer Prices Change 3.60 4.40 15.57 -11.40 percent [+]
Import Prices 105.74 104.41 115.00 1.12 Index Points [+]
Inflation Rate Mom -1.10 1.00 5.98 -2.08 percent [+]
CPI Housing Utilities 118.53 120.81 134.22 63.28 Index Points [+]
CPI Transportation 127.22 128.06 129.60 76.55 Index Points [+]
Food Inflation 0.50 1.30 12.85 -3.00 percent [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 1.00 33.70 -2.90 1960 - 2019 percent Monthly
2009=100, NSA




Country Last Previous
Argentina 57.30 May/19
Australia 1.30 Mar/19
Brazil 4.66 May/19
Canada 2.00 Apr/19
China 2.70 May/19
Euro Area 1.20 May/19
France 0.90 May/19
Germany 1.40 May/19
India 3.05 May/19
Indonesia 3.32 May/19
Italy 0.80 May/19
Japan 0.90 Apr/19
Mexico 4.28 May/19
Netherlands 2.40 May/19
Russia 5.10 May/19
Saudi Arabia -1.50 May/19
Singapore 0.80 Apr/19
South Africa 4.50 May/19
South Korea 0.70 May/19
Spain 0.80 May/19
Switzerland 0.60 May/19
Turkey 18.71 May/19
United Kingdom 2.00 May/19
United States 1.80 May/19


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