Greece's consumer prices rose 0.1 percent on year in May 2021, the first annual increase since February 2020, boosted by prices of housing (3.2 percent) and transportation (4.6 percent). Meanwhile, downward pressure came from food and non-alcoholic beverages (-0.2 percent), hotels, cafés and restaurants (-1.6 percent), clothing and footwear (-5.0 percent), health (-1.3 percent), household equipment (-1.4 percent), and miscellaneous goods and services (-1.8 percent). On a monthly basis, consumer prices dropped 0.4 percent in May. source: National Statistical Service of Greece
Inflation Rate in Greece averaged 8 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 June of 2021.
Inflation Rate in Greece is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Greece to stand at 1.20 in 12 months time. In the long-term, the Greece Inflation Rate is projected to trend around 0.50 percent in 2022 and 1.40 percent in 2023, according to our econometric models.