Greece's producer prices fell 0.9 percent from a year earlier in July 2019 after declining by 1.8 percent in the previous month. Energy prices posted the largest decrease (-2.3 percent), followed by consumer goods (-0.3 percent). On the other hand, price increases were recorded for intermediate (0.7 percent) and capital goods (0.2 percent). Producer Prices Change in Greece averaged 2.75 percent from 1996 until 2019, reaching an all time high of 15.57 percent in July of 2008 and a record low of -11.40 percent in February of 2016.
Producer Prices Change in Greece is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Greece to stand at 1.50 in 12 months time. In the long-term, the Greece Producer Prices Change is projected to trend around 1.80 percent in 2020, according to our econometric models.