Producer prices in Greece decreased 11.8 percent year-on-year in May of 2020, following a record 13.9 percent drop in April. The country started lifting the coronavirus lockdown in mid-May. Cost of energy went down 24.4 percent (vs -28.5 percent in April), due to lower international oil prices and cost of intermediate goods decreased 1.1 percent (vs -1.3 percent). On the other hand, prices rose for capital goods (1.9 percent vs 1.7 percent), durable goods (0.5 percent vs 0.6 percent) and non-durables (0.3 percent vs 0.4 percent). On a monthly basis, producer prices went up 1.8 percent.

Producer Prices Change in Greece averaged 2.54 percent from 1996 until 2020, reaching an all time high of 15.57 percent in July of 2008 and a record low of -13.90 percent in April of 2020. This page provides the latest reported value for - Greece Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.

Producer Prices Change in Greece is expected to be -3.60 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 1.00 in 12 months time. In the long-term, the Greece Producer Prices Change is projected to trend around 2.90 percent in 2021 and 1.80 percent in 2022, according to our econometric models.

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Greece Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
-11.80 -13.90 15.57 -13.90 1996 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-03-30 09:00 AM Feb -0.8% 3.3% 3%
2020-04-30 09:00 AM Mar -9.1% -0.8% -1.4%
2020-05-29 09:00 AM Apr -13.9% -9.1% -10%
2020-06-30 09:00 AM May -11.8% -13.9% -14.6%
2020-07-30 09:00 AM Jun -11.8% -10.4%
2020-08-28 09:00 AM Jul
2020-09-30 09:00 AM Aug
2020-10-30 10:00 AM Sep -3.6%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Greece Producer Deflation Extends for 4th Month
Producer prices in Greece decreased 11.8 percent year-on-year in May of 2020, following a record 13.9 percent drop in April. The country started lifting the coronavirus lockdown in mid-May. Cost of energy went down 24.4 percent (vs -28.5 percent in April), due to lower international oil prices and cost of intermediate goods decreased 1.1 percent (vs -1.3 percent). On the other hand, prices rose for capital goods (1.9 percent vs 1.7 percent), durable goods (0.5 percent vs 0.6 percent) and non-durables (0.3 percent vs 0.4 percent). On a monthly basis, producer prices went up 1.8 percent.
2020-06-30
Greek Producer Deflation Deepens in April
Producer prices in Greece slumped 13.9 percent year-on-year in April 2020, after dropping 9.1 percent in the previous month. It was the biggest decline in producer prices since at least 1996, as cost of energy fell further (-28.5 percent vs -18.9 percent in March) amid lower international oil prices. Also, cost of capital goods slowed (1.7 percent vs 1.8 percent). In contrast, cost of intermediate goods decreased at a softer pace (-1.3 percent vs -1.4 percent); while prices advanced further for durable consumer goods (0.6 percent vs 0.5 percent) and non-durable consumer goods (0.4 percent vs 0.2 percent). On a monthly basis, producer prices went down 4.1 percent, following a 7.4 percent fall in the prior month.
2020-05-29
Greek Producer Prices Fall Most in 4 Years
Producer prices in Greece slumped 9.1 percent from a year earlier in March 2020, the biggest decline since May 2016, amid the Covid-19 crisis. Energy prices led the decrease, falling 18.9 percent, followed by a 1.4 percent fall in intermediate goods cost. On the other hand, prices rose for capital goods (1.8 percent), durable consumer goods (0.5 percent) and non-durable consumer goods (0.2 percent). On a monthly basis, producer prices slumped 7.4 percent.
2020-04-30
Greek Producer Inflation Eases to 3.3% in January
Producer prices in Greece increased 3.3 percent year-on-year in January 2020, slowing from a 4.7 percent rise in the previous month. Cost of energy eased (7.7 percent from 11.2 percent in December) and durable consumer goods prices continued to fall (-0.3 percent, the same as in December). Meanwhile, cost of capital goods rebounded (0.2 percent from -0.1 percent); and prices of intermediate goods dropped less (-0.1 percent from -0.3 percent). On a monthly basis, producer prices advanced 1 percent, following a 0.6 percent gain in December.
2020-02-28

Greece Producer Prices Change
In Greece, the Producer Price Index in Industry measures the monthly rates of change in the prices of goods that are produced in the domestic market and are sold in this market or are exported to the non domestic market. It is composed by the sub-indices of the domestic and non-domestic market. The index of the non domestic market is also sub-divided into the two market zone indices: the euro-zone and the non-euro zone index. .