Greeceā€™s annual inflation rate rose for the fifth straight month to 2.2 percent in September of 2021, the highest since January of 2012. Main upward pressure came from prices of transport (7.8 percent vs 6.7 percent in August); housing (4.7 percent vs 4.4 percent) and food & non-alcoholic beverages & tobacco (3.1 percent vs 3 percent). On a monthly basis, consumer prices inched up 2.1 percent, the most since September of 2019, after a 0.1 percent decrease in the previous month. source: National Statistical Service of Greece

Inflation Rate in Greece averaged 7.97 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 October of 2021.

Inflation Rate in Greece is expected to be 2.20 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 0.80 percent in 2022 and 1.40 percent in 2023, according to our econometric models.

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Greece Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-09-10 09:00 AM Aug 1.9% 1.4% 1.7% 1.8%
2021-10-08 09:00 AM Sep 2.2% 1.9% 2% 2%
2021-11-10 10:00 AM Oct 2.2%
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News Stream
Greek September Inflation Rate Highest since 2012
Greeceā€™s annual inflation rate rose for the fifth straight month to 2.2 percent in September of 2021, the highest since January of 2012. Main upward pressure came from prices of transport (7.8 percent vs 6.7 percent in August); housing (4.7 percent vs 4.4 percent) and food & non-alcoholic beverages & tobacco (3.1 percent vs 3 percent). On a monthly basis, consumer prices inched up 2.1 percent, the most since September of 2019, after a 0.1 percent decrease in the previous month.
2021-10-08
Greek August Inflation Rate Highest since 2012
Greeceā€™s annual inflation rate rose to 1.9 percent in August of 2021 from 1.4 percent in the previous month, above market expectations of 1.7 percent. It was the steepest rise in consumer prices since April of 2012, as prices advanced faster for food & non-alcoholic beverages (3 percent vs 1.7 percent in July); transport (6.7 percent vs 5.8 percent); and housing & utilities (4.4 percent vs 4.2 percent). Also, cost of hotels, cafes and restaurants rebounded (0.2 percent vs -0.3 percent). On a monthly basis, consumer prices inched down 0.1 percent, after a 1.4 percent fall in July.
2021-09-10
Greek July Inflation Rate Highest since 2018
Greece's annual inflation rate rose to 1.4 percent in July of 2021 from 1 percent in the previous month. It was the steepest rise in consumer prices since October of 2018, mainly due to higher prices of food & non-alcoholic beverages (1.7 percent vs 0.4 percent in June); housing (4.2 percent vs 4 percent) and transport (5.8 percent vs 6.7 percent). On a monthly basis, consumer prices inched down 1.4 percent, following a 0.9 percent increase in the prior month.
2021-08-09

Greece Last Unit Reference Previous Highest Lowest
Inflation Rate 2.20 percent Sep/21 1.90 33.70 -2.90
Consumer Price Index CPI 107.73 points Sep/21 105.24 111.34 1.14
Harmonised Consumer Prices 102.83 points Sep/21 100.68 104.67 58.92
Core Inflation Rate 0.10 percent Sep/21 -0.30 3.20 -4.40
Core Consumer Prices 97.77 points Sep/21 94.66 105.22 94.58
GDP Deflator 98.44 points Dec/20 99.90 104.62 58.67
Producer Prices 108.20 points Aug/21 108.30 111.80 74.20
Producer Prices Change 13.10 percent Aug/21 13.00 15.57 -13.90
Import Prices 121.85 points Aug/21 123.56 123.56 1.19
Inflation Rate Mom 2.10 percent Sep/21 -0.10 5.98 -2.08
Food Inflation 3.10 percent Sep/21 3.00 12.85 -3.00
CPI Transportation 125.57 points Sep/21 125.26 130.61 76.55
CPI Housing Utilities 118.66 points Sep/21 118.27 134.22 63.28


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, cafƩs 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.