Consumer prices in Greece declined 1.6 percent year-on-year in March of 2021, following a 1.3 percent drop in the previous month. It was the 12th consecutive month of decreases in consumer prices, as cost fell for food and non-alcoholic beverages (-0.3 percent); transport (-0.8 percent) and hotels, cafes and restaurants (-0.5 percent). Meantime, housing prices edged up 0.1 percent. Harmonised consumer prices went down 2 percent, after a 1.9 percent fall. On a monthly basis, consumer prices rose 1.2 percent, accelerating from a 0.2 percent gain in February. source: National Statistical Service of Greece

Inflation Rate in Greece averaged 8.03 percent from 1960 until 2021, reaching an all time high of 33.70 percent in January of 1974 and a record low of -2.90 percent in November of 2013. This page provides the latest reported value for - Greece Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.

Inflation Rate in Greece is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Greece to stand at 1.70 in 12 months time. In the long-term, the Greece Inflation Rate is projected to trend around 1.60 percent in 2022 and 1.80 percent in 2023, according to our econometric models.

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Greece Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.60 -1.30 33.70 -2.90 1960 - 2021 percent Monthly
2009=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-14 10:00 AM Dec -2.3% -2.1% -2%
2021-02-15 10:00 AM Jan -2.0% -2.3% -2.3% -2.1%
2021-03-10 10:00 AM Feb -1.3% -2% -1.8%
2021-04-09 09:00 AM Mar -1.6% -1.3% -1.1% -1%
2021-05-12 09:00 AM Apr -1.6%
2021-06-10 09:00 AM May
2021-07-09 09:00 AM Jun
2021-08-09 09:00 AM Jul


News Stream
Greek CPI Remains in Deflationary Territory for 1 Year
Consumer prices in Greece declined 1.6 percent year-on-year in March of 2021, following a 1.3 percent drop in the previous month. It was the 12th consecutive month of decreases in consumer prices, as cost fell for food and non-alcoholic beverages (-0.3 percent); transport (-0.8 percent) and hotels, cafes and restaurants (-0.5 percent). Meantime, housing prices edged up 0.1 percent. Harmonised consumer prices went down 2 percent, after a 1.9 percent fall. On a monthly basis, consumer prices rose 1.2 percent, accelerating from a 0.2 percent gain in February.
2021-04-09
Greek Consumer Prices Fall the Least in 9 Months
Consumer prices in Greece decreased 1.3 percent year-on-year in February of 2021, easing from a 2 percent drop in the previous month. It was the 11th consecutive month of declines in consumer prices but the softest since May 2020, as cost fell at a softer pace for transport (-4.3 percent vs -5.7 percent in January); housing & utilities (-1.9 percent vs -3.4 percent); restaurants & hotels (-0.4 percent vs -0.6 percent); clothing & footwear (-0.1 percent vs -3.5 percent); miscellaneous goods and services (-1.7 percent vs -2.4 percent); recreation & culture (-0.3 percent vs -0.6 percent); communication (-1.8 percent vs -2.1 percent) and health (-1.1 percent vs -1.2 percent). In addition, prices rebounded for alcoholic beverages & tobacco (0.1 percent vs -0.4 percent). On a monthly basis, consumer prices went up 0.2 percent, after a 1.3 percent drop in January.
2021-03-10
Greece Consumer Prices Fall for 10th Straight Month
Consumer prices in Greece fell 2 percent over a year earlier in January of 2021, following a 2.3 percent drop in the previous month and above the expected 2.3 percent drop. It is the tenth consecutive month of deflation, as prices fell for transport (-5.7 percent vs -7.7 percent in December); housing (-3.4 percent vs -4.2 percent); miscellaneous goods and services (-2.4 percent vs -2.9 percent); household equipment (-2.2 percent vs -2.4 percent), and communication (-2.1 percent vs -2.2 percent). Furthermore, prices fell at a faster rate for health (-1.2 percent vs -1.1 percent). On a monthly basis, consumer prices decreased 1.3 percent, following a 0.4 percent increase in the prior month.
2021-02-15
Greek Deflation Deepens in November
Consumer prices in Greece fell 2.1 percent over a year earlier in November of 2020, following a 1.8 percent drop in the previous month and marking the 8th straight month of deflation. Main downward pressure came from prices of transport (-6.9 percent vs -7.2 percent in October); household equipment (-2.7 percent vs -1 percent); housing (-4.4 percent vs -4.6 percent); clothing & footwear (-3.6 percent vs -0.5 percent) and miscellaneous goods & services (-2.7 percent vs -1.3 percent). At the same time, inflation remained steady for food & non-alcoholic beverages (at 1.9 percent). On a monthly basis, consumer prices decreased 0.9 percent, following a 0.3 percent increase in the prior month.
2020-12-10

Greece Inflation Rate
In Greece, the most important categories in the consumer price index are: food and non-alcoholic beverages (17 percent of total weight); transport (13 percent); housing (12 percent) and hotels, cafés and restaurants (11 percent). The index also includes: clothing and footwear (9 percent); health (7 percent); furnishing and household equipment (7 percent); recreation and culture (5 percent); communication (5 percent). Education, alcoholic beverages, tobacco and other goods and services account for the remaining 14 percent of total weight.