Producer prices in Greece hiked 13.1 percent year-on-year in August of 2021, following a 13.0 percent jump in the previous month, the fastest price increase since May. Prices of energy maintained a strong momentum (24.4 percent vs 24.5 percent in July), amid a combination of low base year effects and tightening supplies. Meanwhile, Inflationary pressures were stronger in intermediate goods (7.2 percent vs 6.7 percent); capital goods (5.0 percent vs 4.2 percent); durable consumer goods (1.6 percent vs 1.0 percent). Lastly, non-durable consumer goods rose at the same pace as in July (1.0 percent). On a monthly basis, producer prices inched down 0.1 percent in August, following an upwardly revised 1.1 percent rise in July. source: National Statistical Service of Greece
Producer Prices Change in Greece averaged 2.47 percent from 1996 until 2021, reaching an all time high of 15.57 percent in July of 2008 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 October of 2021.
Producer Prices Change in Greece is expected to be 14.00 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 2.50 percent in 2022 and 2.00 percent in 2023, according to our econometric models.