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.

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Greece Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-12-09 10:00 AM Nov 8.5% 9.1% 8.7%
2023-01-12 10:00 AM Dec 7.2% 8.5% 8%
2023-02-15 10:00 AM Jan 7.2% 7.0%


Related Last Previous Unit Reference
Inflation Rate 7.20 8.50 percent Dec 2022
Harmonised Consumer Prices 112.81 113.55 points Dec 2022
Consumer Price Index CPI 112.53 113.15 points Dec 2022
Core Inflation Rate 5.20 5.90 percent Dec 2022
Core Consumer Prices 106.38 105.88 points Dec 2022
GDP Deflator 101.01 98.95 points Dec 2021
Producer Prices 146.40 150.10 points Dec 2022
Producer Prices Change 16.50 26.20 percent Dec 2022
Import Prices 147.90 159.70 points Nov 2022
Food Inflation 15.48 15.02 percent Dec 2022
Inflation Rate MoM -0.50 0.00 percent Dec 2022
CPI Transportation 117.94 123.58 points Dec 2022
CPI Housing Utilities 121.06 122.72 points Dec 2022

Greece Inflation Rate
In Greece, the most important categories in the consumer price index are: food and non-alcoholic beverages (21 percent of total weight); housing (16 percent); and transport (14 percent). The index also includes: hotels, cafés and restaurants (10 percent); health (8 percent); miscellaneous goods and services (7 percent); and clothing and footwear (6 percent). Household equipment, alcoholic beverages, tobacco, communication, recreation and culture, and education account for the remaining 19 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
7.20 8.50 33.70 -2.90 1960 - 2022 percent Monthly
2020=100, NSA

News Stream
Greek Inflation Rate Continues to Slow
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.
2023-01-12
Greek Inflation Rate Eases to 9-Month Low
Greece's consumer price inflation eased for a second straight month to 8.5 percent in November 2022, down from 9.1 percent in the previous period. The rate hit its lowest level since February, but remained well above the European Central Bank's target of 2 percent. Prices rose at a softer pace for housing (4.8 percent vs 11.2 percent in October) and hotels, cafés and restaurants (8.0 percent vs 8.6 percent). On the other hand, inflation accelerated for food and non-alcoholic beverages (15.0 percent vs 14.8 percent), transport (14.5 percent vs 13.8 percent), clothing and footwear (10.9 percent vs 5.4 percent), household equipment (11.0 percent vs 10.6 percent), and miscellaneous goods and services (4.9 percent vs 4.2 percent). Meanwhile, the core inflation rate, which excludes volatile items such as unprocessed food and energy, hit an all-time high of 5.9 percent. On a monthly basis, consumer prices were unchanged in November, following a 1.2 percent drop in October.
2022-12-09
Greek Inflation Rate Slows to 7-Month Low
Greece's consumer price inflation slowed to 9.1 percent in October 2022, the lowest since March, but still well above the European Central Bank's target of 2.0 percent. Prices rose at softer rates for housing (11.2 percent vs 35.4 percent), transport (13.8 percent vs 14.2 percent), hotels, cafes and restaurants (8.6 percent vs 9.1 percent), and health (2.7 percent vs 2.8 percent). On the other hand, inflation accelerated for food and non-alcoholic beverages (14.8 percent vs 13.5 percent), clothing and footwear (5.4 percent vs 3.5 percent), and miscellaneous goods and services (4.2 percent vs 3.2 percent). Meanwhile, the core inflation rate, which excludes volatile items such as unprocessed food and energy, climbed to 5.2 percent in October, the highest since at least 2010. On a monthly basis, consumer prices declined by 1.2 percent, after a 2.9 percent jump in September.
2022-11-10