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.

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Greece Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
-8.60 -6.60 15.57 -13.90 1996 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-30 09:00 AM Jun -7.4% -11.8% -10.4%
2020-08-28 09:00 AM Jul -7.9% -7.4% -6.8%
2020-09-30 09:00 AM Aug -6.6% -7.9% -7.2%
2020-10-30 10:00 AM Sep -8.6% -6.6% -6%
2020-11-30 10:00 AM Oct -8.6% -8%
2020-12-30 10:00 AM Nov
2021-01-29 10:00 AM Dec
2021-03-01 10:00 AM Jan


News Stream
Greek Producer Deflation Deepens in September
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.
2020-10-30
Greek Producer Deflation Softens in August
Producer prices in Greece decreased 6.6 percent over a year earlier in August 2020, following a 7.9 percent drop in the previous month. Cost fell less for energy (-14 percent vs -16.7 percent in July); and intermediate goods (-0.7 percent vs -0.8 percent). In addition, prices of durable goods rose at a faster pace (0.2 percent vs 0.1 percent). On the other hand, cost of non-durables goods declined further (-0.2 percent vs -0.1 percent); and prices of capital goods slowed (2.3 percent vs 2.4 percent). On a monthly basis, producer prices went down 1.6 percent, after a 1.3 percent gain in the prior month.
2020-09-30
Greek Producer Deflation Deepens in July
Producer prices in Greece dropped 7.9 percent year-on-year in July 2020, following a 7.4 percent fall in the previous month. Cost of non-durables goods declined (-0.1 percent vs a flat reading in June); and energy prices decreased further (-16.7 percent vs -15.5 percent). In contrast, cost of durable goods rose (0.1 percent vs a flat reading); and prices of capital goods increased at a faster pace (2.4 percent vs 2.2 percent). In addition, cost of intermediate goods fell less (-0.8 percent vs -1.2 percent). On a monthly basis, producer prices went up 1.3 percent, rebounding from a 2.3 percent drop in the prior month.
2020-08-28
Greece Producer Prices Fall for 5th Month
Producer prices in Greece declined 7.4 percent year-on-year in June 2020, following an 11.8 percent drop in the previous month. The country started lifting the coronavirus lockdown in mid-May. Cost of energy decreased 15.5 percent (vs 24.4 percent in May), due to lower international oil prices and cost of intermediate goods fell 1.2 percent (vs -1.1 percent). On the other hand, cost of capital goods increased (2.2 percent vs 1.9 percent), while prices were unchanged for both durable goods (vs 0.5 percent in May) and non-durables (vs 0.3 percent in May). On a monthly basis, producer prices went down 2.3 percent, after rising 1.8 percent in the prior month.
2020-07-30

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. .