The annual inflation rate in Greece increased to 1 percent in April of 2019 from 0.9 percent in the previous month. It was the highest inflation rate since November of 2018, as cost advanced faster for transport (4.3 percent from 2.3 percent in March). Also, inflation was steady for hotels, cafés & restaurants (at 0.5 percent) and prices slowed for food & non-alcoholic beverages (1.3 percent from 1.4 percent); housing (1.4 percent from 1.8 percent); health (0.7 percent from 1.1 percent); communication (3.4 percent from 6.9 percent) and alcoholic beverages & tobacco (0.9 percent from 1.3 percent). In addition, cost fell at a softer pace for clothing & footwear (-1.8 percent from -3.5 percent) and recreation & culture (-1.6 percent from -1.7 percent). On a monthly basis, consumer prices climbed 1 percent, after a 1.8 percent jump in March. Inflation Rate in Greece averaged 8.32 percent from 1960 until 2019, 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.
Inflation Rate in Greece is expected to be 0.80 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 1.20 in 12 months time. In the long-term, the Greece Inflation Rate is projected to trend around 1.70 percent in 2020, according to our econometric models.