Producer prices in Greece dropped 13.3% year-on-year in April 2023, marking its second consecutive month of decline and slipping further from a 10.9% fall in the previous month. It was the largest decrease since April 2020, due mainly to the sharp drop in prices for energy (-24.4% vs -21.7% in March), amid the government-imposed cap on electricity charges. Additionally, costs slowed for the rest of industrial groupings: intermediate goods (3.5% vs 5.9%), capital goods (1% vs 2%), durables (1.1% vs 1.9%) and non-durables (7.3% vs 8.4%). On a monthly basis, the PPI went down 0.3%, following a 5.8% drop in March. source: National Statistical Service of Greece
Producer Prices Change in Greece averaged 3.89 percent from 1996 until 2023, reaching an all time high of 48.80 percent in April of 2022 and a record low of -13.90 percent in April of 2020. This page provides the latest reported value for - Greece Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
Producer Prices Change in Greece is expected to be -8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Greece Producer Prices Change is projected to trend around 2.20 percent in 2024 and 1.60 percent in 2025, according to our econometric models.