The annual inflation rate in Greece rose to 11.3 percent in May of 2022 from 10.2 percent in the previous month, the highest since September of 1994. Main upward pressure came from food & non-alcoholic beverages (12.1 percent vs 10.9 percent in April), and transport (18.8 percent vs 15.4 percent). Additional pressure came from household equipment (5.1 percent vs 4.2 percent); and hotels, cafés & restaurants (5.1 percent vs 3.8 percent). Meanwhile, prices eased slightly for housing & utilities (35 percent vs 35.2 percent). On a monthly basis, consumer prices rose 0.7 percent, slowing from a 2.1 percent rise in April. source: National Statistical Service of Greece
Inflation Rate in Greece averaged 7.96 percent from 1960 until 2022, 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 June of 2022.
Inflation Rate in Greece is expected to be 11.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Greece Inflation Rate is projected to trend around 1.50 percent in 2023 and 0.80 percent in 2024, according to our econometric models.