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.