Greece's annual inflation rate quickened to 1.0 percent in June of 2021, from a 0.1 percent increase in the previous month. It was the steepest rise in consumer prices since April of 2019, underpinned by prices of food & non-alcoholic beverages (0.4 percent vs -0.2 percent in May); transports (6.7 percent vs 4.6 percent); and housing (4.0 percent vs 3.2 percent). Meanwhile, downward pressure came primarily from miscellaneous goods & services (-2.1 percent vs -1.8 percent); restaurants, hotels & cafés (-0.8 percent vs -1.6 percent); household equipment (-0.9 percent vs -1.4 percent), and health (-1.3 percent, the same as in May). On a monthly basis, consumer prices rebounded by 0.9 percent, following a 0.4 percent drop in May. source: National Statistical Service of Greece
Inflation Rate in Greece averaged 7.99 percent from 1960 until 2021, 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 July of 2021.
Inflation Rate in Greece is expected to be 0.50 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 0.50 percent in 2022 and 1.40 percent in 2023, according to our econometric models.