Greece's consumer prices rose 0.8 percent from a year earlier in December of 2019, following a 0.2 percent increase in the previous month and above market forecasts of a 0.7 percent rise. It was the highest inflation rate since April, as cost rebounded for food & non-alcoholic beverages (0.3 percent vs -0.5 percent in November); clothing & footwear (0.5 percent vs -0.3 percent). In addition, housing prices came flat after decreasing 1.3 percent in November while for transport cost advanced faster (3.5 percent vs 2.2 percent). On the other hand, prices continued to fall for household equipment (-1.3 percent vs -0.7 percent) and recreation & culture (-2.0 percent vs -1.7 percent) while inflation was steady for health (at 1.9 percent). On a monthly basis, consumer prices increased 0.7 percent, after a 0.6 percent fall in the prior month.
Inflation Rate in Greece averaged 8.22 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. 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.
Inflation Rate in Greece is expected to be 0.60 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 0.90 in 12 months time. In the long-term, the Greece Inflation Rate is projected to trend around 1.00 percent in 2020, according to our econometric models.