Producer prices in Greece slumped 8.6 percent over a year earlier in September of 2020, following a 6.6 percent fall in the previous month. It was the eighth consecutive month of producer deflation and at a faster pace than in August, as prices decreased further for energy (-18.1 percent vs -14 percent); intermediate goods (-0.8 percent vs -0.7 percent) and non-durable consumer goods (-0.1 percent vs -0.2 percent). Meanwhile, costs went up for durable consumer goods (1.1 percent vs 0.2 percent) and capital goods (2.2 percent vs 2.3 percent). On a monthly basis, producer prices were down 0.8 percent, following a 1.6 percent fall in the previous month. source: National Statistical Service of Greece
Producer Prices Change in Greece averaged 2.40 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 November of 2020.
Producer Prices Change in Greece is expected to be -2.70 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 3.00 in 12 months time. In the long-term, the Greece Producer Prices Change is projected to trend around 2.60 percent in 2021 and 1.80 percent in 2022, according to our econometric models.