Greece’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. source: National Statistical Service of Greece
Inflation Rate in Greece averaged 7.98 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 September of 2021.
Inflation Rate in Greece is expected to be 1.90 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.