Consumer prices in Greece decreased 1.4 percent year-on-year in April of 2020, after showing no growth in the previous month. It was the first decline in consumer prices since October of 2019, as cost dropped further for transport (-6.1 percent vs -1.5 percent); housing (-4.7 percent vs -2.9 percent); recreation & culture (-1.3 percent vs -1.4 percent); communication (-2.3 percent vs -1.8 percent) and miscellaneous goods & services (-0.8 percent vs -1 percent). On the other hand, prices rebounded for food & non-alcoholic beverages (1 percent vs -0.1 percent). On a monthly basis, consumer prices went down 0.5 percent, after a 1.6 percent rise in March.
Inflation Rate in Greece averaged 8.18 percent from 1960 until 2020, 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 May of 2020.
Inflation Rate in Greece is expected to be -1.70 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 -1.30 in 12 months time. In the long-term, the Greece Inflation Rate is projected to trend around 2.00 percent in 2021 and 1.50 percent in 2022, according to our econometric models.