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.

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Greece Producer Prices Change



Calendar GMT Actual Previous Consensus TEForecast
2023-04-28 09:00 AM Mar -10.9% 4.7% 11.0%
2023-05-30 09:00 AM Apr -13.3% -10.9% -14.0%
2023-06-30 09:00 AM May -13.3%


Related Last Previous Unit Reference
Inflation Rate 3.00 4.60 percent Apr 2023
Consumer Price Index CPI 114.45 113.73 points Apr 2023
Harmonised Consumer Prices 115.55 114.28 points Apr 2023
Core Inflation Rate 6.10 6.70 percent Apr 2023
Core Consumer Prices 108.47 107.47 points Apr 2023
GDP Deflator 108.31 101.01 points Dec 2022
Producer Prices 134.79 135.20 points Apr 2023
Producer Prices Change -13.30 -10.90 percent Apr 2023
Import Prices 134.36 138.07 points Mar 2023
Inflation Rate MoM 0.60 1.20 percent Apr 2023
Food Inflation 11.39 14.34 percent Apr 2023
CPI Transportation 120.48 120.65 points Apr 2023
CPI Housing Utilities 119.25 118.63 points Apr 2023

Greece Producer Prices Change
In Greece, the Producer Price Index in Industry measures the monthly rates of change in the prices of goods that are produced in the domestic market and are sold in this market or are exported to the non domestic market. It is composed by the sub-indices of the domestic and non-domestic market. The index of the non domestic market is also sub-divided into the two market zone indices: the euro-zone and the non-euro zone index. .
Actual Previous Highest Lowest Dates Unit Frequency
-13.30 -10.90 48.80 -13.90 1996 - 2023 percent Monthly
NSA

News Stream
Greece Producer Prices Drop the Most in 3 Years
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.
2023-05-30
Greece Producer Prices Fall Most Since 2020
Producer prices in Greece fell by 10.9% yoy in March 2023, marking the biggest drop since May 2020 and following the 4.7% rise in the previous month. The downward trend came on the back of a sharp energy deflation (-21.7% vs 1.8% in February) caused mainly by the government-imposed cap on electricity prices. Meanwhile, the cost also slowed for the rest of the industrial groupings, namely, non-durables (8.4% vs 9.6%), intermediate goods (5.9% vs 9.8%), capital goods (2.0% vs 2.1%), and durables (1.9% vs 2.2%). On a monthly basis, producer prices declined 5.8% after a 3.3% decrease in February.
2023-04-28
Greece Producer Inflation at 2-Year Low
The annual producer inflation rate in Greece slowed to 4.7% in February 2023, the smallest growth since February 2021 and from a 13.5% rise in the previous month. Prices slowed for all of the main industrial groupings, considerably for energy (1.8% vs 16% in January), capital goods (2.1% vs 5.2%) and industrial goods (9.8% vs 12.2%. Also, producer inflation edged lower for non-durable consumer goods (9.6% vs 9.8%) and durable consumer goods (2.2% vs 2.3%). On a monthly basis, producer prices declined 3.3%, following a 1.3% increase in January.
2023-03-30