Greece's consumer price inflation eased for a third straight month to 7.2 percent in December 2022, from a 8.5 percent rise in the previous month, as prices rose at a softer pace for housing (2.5 percent vs 4.8 percent in November), alcoholic beverages & tobacco (2.5 percent vs 2.8 percent), clothing & footwear (5.4 percent vs 10.9 percent), transport (9 percent vs 14.5 percent) and hotels, cafés & restaurants (7.6 percent vs 8 percent). On the other hand, cost increased for food & non-alcoholic beverages (15.5 percent vs 15 percent), household equipment (11.3 percent vs 11 percent) and recreation & culture (3.2 percent vs 2.7 percent), while inflation was steady for education (at 2.2 percent). Meanwhile, communication costs declined 2.1 percent, mainly due to the decrease in the prices of telephone services. On a monthly basis, consumer prices fell by 0.5 percent in November, following a flat reading in the prior month. source: National Statistical Service of Greece
Inflation Rate in Greece averaged 7.98 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 February of 2023.
Inflation Rate in Greece is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.