Greece's producer prices edged 0.1 percent higher year-on-year in May 2019, slowing from a 3.6 percent increase in the previous month. Energy prices showed no growth, after a 7.9 percent jump in April, while cost rose at softer pace for intermediate goods (0.8 percent vs 1.2 percent) and durable consumer goods (0.2 percent vs 0.4 percent). In addition, non-durable consumer goods prices continued to fall (-0.5 percent vs -0.6 percent). Meanwhile, capital goods inflation was unchanged at 0.2 percent. Producer Prices Change in Greece averaged 2.78 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 -0.70 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 1.40 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.