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. source: National Statistical Service of Greece
Inflation Rate in Greece averaged 8.09 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. Greece Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Inflation Rate in Greece is expected to be -1.40 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 1.00 in 12 months time. In the long-term, the Greece Inflation Rate is projected to trend around 2.00 percent in 2021 and 1.70 percent in 2022, according to our econometric models.