Producer prices in Greece decreased 11.8 percent year-on-year in May of 2020, following a record 13.9 percent drop in April. The country started lifting the coronavirus lockdown in mid-May. Cost of energy went down 24.4 percent (vs -28.5 percent in April), due to lower international oil prices and cost of intermediate goods decreased 1.1 percent (vs -1.3 percent). On the other hand, prices rose for capital goods (1.9 percent vs 1.7 percent), durable goods (0.5 percent vs 0.6 percent) and non-durables (0.3 percent vs 0.4 percent). On a monthly basis, producer prices went up 1.8 percent.
Producer Prices Change in Greece averaged 2.54 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 July of 2020.
Producer Prices Change in Greece is expected to be -3.60 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 2.90 percent in 2021 and 1.80 percent in 2022, according to our econometric models.