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.