The annual inflation rate in Greece eased for the second straight month to 11.4 percent in August of 2022 from 11.6 percent in the prior month. It was the lowest reading in three months, mainly due to a further deceleration in prices of transportation (16 percent vs 20.6 percent in July), of which fuels. Meanwhile, costs rose further for housing (31.4 percent vs 30.8 percent); food & non-alcoholic beverages (13.2 percent vs 13 percent), household equipment (9.5 percent vs 8.2 percent), restaurants & hotels (6.7 percent vs 6.4 percent), miscellaneous goods & services (3.7 percent vs 2.5 percent) and health (2.7 percent vs 0.7 percent). On a monthly basis, consumer prices were down by 0.3 percent, after a 1.8 percent fall in the previous month. source: National Statistical Service of Greece
Inflation Rate in Greece averaged 7.97 percent from 1960 until 2022, 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 September of 2022.
Inflation Rate in Greece is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Greece Inflation Rate is projected to trend around 1.50 percent in 2023 and 0.80 percent in 2024, according to our econometric models.