Producer prices in Greece surged 4.7 percent from a year earlier in December 2019, following a 1.1 percent increase in the prior month. It was the highest producer inflation since October 2018, led by energy prices (11.2 percent vs 2.8 percent in November). In contrast, cost fell for intermediate goods (-0.3 percent vs -0.4 percent); capital goods (-0.1 percent, the same pace as in November) and durable consumer goods (-0.3 percent, the same pace as in November). On a monthly basis, producer prices went up 0.6 percent, down from a 2.6 percent rise in the previous month.
Producer Prices Change in Greece averaged 2.69 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. 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.
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 1.00 in 12 months time. In the long-term, the Greece Producer Prices Change is projected to trend around 1.40 percent in 2021, according to our econometric models.