Producer prices in Greece increased 4.4 percent year-on-year in March of 2019, following a 3.1 percent rise in the previous month. Cost advanced faster for energy (9.9 percent from 7 percent in February) and intermediate goods (1.7 percent from 1.4 percent). Meanwhile, inflation was steady for capital goods (at 0.1 percent) and prices went up softer for durable consumer goods (0.4 percent from 0.5 percent). On the other hand, non-durable consumer goods prices fell 0.9 percent, following a 0.8 percent drop in February. On a monthly basis, producer prices rose 1.1 percent, after a 1.7 percent jump in the prior month. Producer Prices Change in Greece averaged 2.79 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 0.50 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.