Consumer prices in Greece decreased 0.3 percent year-on-year in June of 2019, following a 0.2 percent gain in the previous month. It was the first drop in consumer prices since March of 2018, as prices fell for food and non-alcoholic beverages (-1.1 percent vs 0.5 percent in May), mainly pork, lamb and goat, fish, fruit, vegetables and potatoes. Additionally, prices slowed for transport (0.1 percent vs 1.1 percent); hotels, cafes and restaurants (0.6 percent vs 0.7 percent) and clothing & footwear (a flat reading from 0.5 percent in May). On a monthly basis, consumer prices went up 0.5 percent, rebounding from a 1.1 percent drop in the prior month. Inflation Rate in Greece averaged 8.29 percent from 1960 until 2019, 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.

Inflation Rate in Greece is expected to be 0.50 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 1.70 percent in 2020, according to our econometric models.

Greece Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-10 09:00 AM Inflation Rate YoY Mar 0.9% 0.6% 0.5% 0.6%
2019-05-10 09:00 AM Inflation Rate YoY Apr 1% 0.9% 1%
2019-06-10 09:00 AM Inflation Rate YoY May 0.2% 1% 1.1%
2019-07-10 09:00 AM Inflation Rate YoY Jun -0.3% 0.2% 0%
2019-08-08 09:00 AM Inflation Rate YoY Jul -0.3%
2019-09-10 09:00 AM Inflation Rate YoY Aug
2019-10-10 09:00 AM Inflation Rate YoY Sep 1.2%


Greece Prices Last Previous Highest Lowest Unit
Inflation Rate -0.30 0.20 33.70 -2.90 percent [+]
Consumer Price Index CPI 107.46 106.95 111.34 1.14 Index Points [+]
Harmonised Consumer Prices 103.54 102.93 104.67 58.92 Index Points [+]
Core Consumer Prices 99.60 100.60 105.30 96.90 Index Points [+]
Core Inflation Rate 0.10 0.30 3.13 -16.39 percent [+]
GDP Deflator 96.80 95.00 100.80 58.61 Index Points [+]
Producer Prices 107.80 108.50 114.60 76.10 Index Points [+]
Producer Prices Change 0.10 3.60 15.57 -11.40 percent [+]
Import Prices 113.09 105.74 115.00 1.12 Index Points [+]
Inflation Rate Mom 0.50 -1.10 5.98 -2.08 percent [+]
CPI Housing Utilities 118.56 118.53 134.22 63.28 Index Points [+]
CPI Transportation 128.70 127.22 129.60 76.55 Index Points [+]
Food Inflation -1.10 0.50 12.85 -3.00 percent [+]


Greece Inflation Rate

In Greece, the most important categories in the consumer price index are: food and non-alcoholic beverages (17 percent of total weight); transport (13 percent); housing (12 percent) and hotels, cafés and restaurants (11 percent). The index also includes: clothing and footwear (9 percent); health (7 percent); furnishing and household equipment (7 percent); recreation and culture (5 percent); communication (5 percent). Education, alcoholic beverages, tobacco and other goods and services account for the remaining 14 percent of total weight. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.30 0.20 33.70 -2.90 1960 - 2019 percent Monthly
2009=100, NSA




Country Last Previous
Argentina 55.80 Jun/19
Australia 1.30 Mar/19
Brazil 3.37 Jun/19
Canada 2.00 Jun/19
China 2.70 Jun/19
Euro Area 1.30 Jun/19
France 1.20 Jun/19
Germany 1.60 Jun/19
India 3.18 Jun/19
Indonesia 3.28 Jun/19
Italy 0.70 Jun/19
Japan 0.70 Jun/19
Mexico 3.95 Jun/19
Netherlands 2.70 Jun/19
Russia 4.70 Jun/19
Saudi Arabia -1.50 May/19
Singapore 0.90 May/19
South Africa 4.50 May/19
South Korea 0.70 Jun/19
Spain 0.40 Jun/19
Switzerland 0.60 Jun/19
Turkey 15.72 Jun/19
United Kingdom 2.00 Jun/19
United States 1.60 Jun/19


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