Consumer prices in Greece showed no growth from a year earlier in July of 2019, after falling 0.3% in the previous month. The largest upward contribution to the CPI came from transport (2.5% from 0.1% in June), mainly tickets for passenger transport by air; hotels, cafes & restaurants (0.4% from 0.6%), due to prices of restaurants-confectioneries-cafes-buffets and accommodation services; and clothing & footwear (0.3% from a flat reading). On the other hand, prices fell for food & non-alcoholic beverages (-1.4% from -1.1%), on the back of lower prices of bread & cereals, dried salted or smoked meat, yoghurt, cheese, oils & fats, fresh fruit, dried fruit & nuts, preserved or processed vegetables, sugar-chocolates-sweets-ice creams, other food, coffee-cocoa-tea, fruit juices; and housing (-0.9% from -0.7%), due to electricity and natural gas. On a monthly basis, consumer prices slumped 1.5%, down from a 0.5% gain in June. Inflation Rate in Greece averaged 8.28 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 0.50 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
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-05-10 09:00 AM Inflation Rate YoY Apr 1% 0.9% 1%
2019-06-10 09:00 AM Inflation Rate YoY May 0.2% 1% 1.1%
2019-07-10 09:00 AM Inflation Rate YoY Jun -0.3% 0.2% 0%
2019-08-08 09:00 AM Inflation Rate YoY Jul 0% -0.3% -0.1%
2019-09-10 09:00 AM Inflation Rate YoY Aug 0%
2019-10-10 09:00 AM Inflation Rate YoY Sep 1.2%
2019-11-08 10:00 AM Inflation Rate YoY Oct


Greece Prices Last Previous Highest Lowest Unit
Inflation Rate 0.00 -0.30 33.70 -2.90 percent [+]
Consumer Price Index CPI 105.89 107.46 111.34 1.14 Index Points [+]
Harmonised Consumer Prices 102.32 103.54 104.67 58.92 Index Points [+]
Core Consumer Prices 99.60 100.60 105.30 96.90 Index Points [+]
Core Inflation Rate 0.10 0.30 3.13 -16.39 percent [+]
GDP Deflator 96.80 95.00 100.80 58.61 Index Points [+]
Producer Prices 105.30 107.80 114.60 76.10 Index Points [+]
Producer Prices Change -1.80 0.10 15.57 -11.40 percent [+]
Import Prices 113.30 113.09 115.00 1.12 Index Points [+]
Inflation Rate Mom -1.50 0.50 5.98 -2.08 percent [+]
CPI Housing Utilities 118.59 118.56 134.22 63.28 Index Points [+]
CPI Transportation 130.61 128.70 130.61 76.55 Index Points [+]
Food Inflation -1.40 -1.10 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.00 -0.30 33.70 -2.90 1960 - 2019 percent Monthly
2009=100, NSA




Country Last Previous
Argentina 54.40 Jul/19
Australia 1.60 Jun/19
Brazil 3.22 Jul/19
Canada 2.00 Jun/19
China 2.80 Jul/19
Euro Area 1.10 Jul/19
France 1.10 Jul/19
Germany 1.70 Jul/19
India 3.15 Jul/19
Indonesia 3.32 Jul/19
Italy 0.40 Jul/19
Japan 0.70 Jun/19
Mexico 3.78 Jul/19
Netherlands 2.50 Jul/19
Russia 4.60 Jul/19
Saudi Arabia -1.40 Jun/19
Singapore 0.60 Jun/19
South Africa 4.50 Jun/19
South Korea 0.60 Jul/19
Spain 0.50 Jul/19
Switzerland 0.30 Jul/19
Turkey 16.65 Jul/19
United Kingdom 2.10 Jul/19
United States 1.80 Jul/19


Related

Latest