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.

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Greece Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.40 0.00 33.70 -2.90 1960 - 2020 percent Monthly
2009=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-14 10:00 AM Jan 0.9% 0.8% 1% 0.9%
2020-03-10 10:00 AM Feb 0.2% 0.9% 1.1%
2020-04-10 09:00 AM Mar 0% 0.2% -0.1%
2020-05-08 09:00 AM Apr -1.4% 0% -0.4%
2020-06-10 09:00 AM May -1.4%
2020-07-10 09:00 AM Jun -1.7%
2020-08-07 09:00 AM Jul
2020-09-10 09:00 AM Aug


News Stream
Greek Consumer Prices Fall for 1st Time in 6 Months
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.
2020-05-08
Greek Consumer Prices Unchanged in March
Consumer prices in Greece showed no growth from a year earlier in March of 2020, after a 0.2 percent rise in the previous month. Cost fell for transport (-1.5 percent vs 3.4 percent in February); food and non-alcoholic beverages (-0.1 percent, the same as in February); housing (-2.9 percent vs -1.2 percent). Meantime, inflation was steady for hotels, cafes and restaurants (at 0.6 percent) and health (at 1.5 percent). On a monthly basis, consumer prices surged 1.6 percent, rebounding from a 0.5 percent decline in February.
2020-04-10
Greek Inflation Rate Slows to 3-Month Low of 0.2%
The annual inflation rate in Greece decreased to 0.2 percent in February 2020 from 0.9 percent in the previous month. It was the lowest inflation since November, as prices slowed or transport (3.4 percent vs 5.2 percent in January); hotels, cafes and restaurants (0.6 percent vs 1.0 percent) and health (1.5 percent vs 1.6 percent). In addition, cost fell for food and non-alcoholic beverages (-0.1 percent, the same as in January); housing (-1.2 percent vs 0.2 percent) and clothing & footwear (-0.2 percent vs -1.1 percent). On a monthly basis, consumer prices dropped 0.5 percent, after a 1.7 percent decline in January.
2020-03-10
Greek January Inflation Rate at 9-Month High of 0.9%
Greece's annual inflation rate rose to 0.9 percent in January 2020 from 0.8 percent in the previous month, though below market expectations of 2 percent. It was the highest inflation rate since last April, mainly due to prices of transport (5.2 percent vs 3.5 percent in December); alcoholic beverages & tobacco (0.4 percent vs -0.1 percent) and housing (0.2 percent after being flat). In contrast, costs fell for food & non-alcoholic beverages (-0.1 percent vs 0.3 percent); household equipment (-0.5 percent vs -1.3 percent); clothing & footwear (-1.1 percent vs 0.5 percent); recreation & culture (-1.1 percent vs -2 percent) and miscellaneous goods & services (-0.3 percent vs 0.2 percent). On a monthly basis, consumer prices decreased 1.7 percent, after rising 0.7 percent in the previous month.
2020-02-14

Greece Inflation Rate
In Greece, the most important categories in the consumer price index are: food and non-alcoholic beverages (17 percent of total weight); transport (13 percent); housing (12 percent) and hotels, cafés and restaurants (11 percent). The index also includes: clothing and footwear (9 percent); health (7 percent); furnishing and household equipment (7 percent); recreation and culture (5 percent); communication (5 percent). Education, alcoholic beverages, tobacco and other goods and services account for the remaining 14 percent of total weight.