Greece’s annual inflation rate rose for the eighth consecutive month to 5.1 percent in December of 2021. It was the highest inflation rate since January of 2011 as prices advanced at a faster pace for housing & utilities (18 percent vs 17.7 percent) on account of higher charges of electricity (45 percent), heating oil (34.1 percent) and natural gas (135.7percent); food & non-alcoholic beverages (4.3 percent vs 3.5 percent); and transport (10.9 percent vs 9.3 percent) due to higher prices of fuel and lubricants (21.7 percent). Also, prices fell less for communication (-2.5 percent vs -2.7 percent). Meanwhile, downward pressure came from clothing and footwear (3 percent vs 3.9 percent); hotels, cafes and restaurants (1.2 percent vs 1.3 percent); recreation and culture (-0.6 percent vs -0.3 percent); and education (0.9 percent vs 1.3 percent). On a monthly basis, consumer prices increased 0.7 percent, accelerating from a 0.5 percent rise in the prior month. source: National Statistical Service of Greece

Inflation Rate in Greece averaged 7.95 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 January of 2022.

Inflation Rate in Greece is expected to be 2.40 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 2023, according to our econometric models.

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Greece Inflation Rate


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.
Actual Previous Highest Lowest Dates Unit Frequency
5.10 4.80 33.70 -2.90 1960 - 2021 percent Monthly
2009=100, NSA

Calendar GMT Actual Previous Consensus TEForecast
2021-12-10 10:00 AM Nov 4.8% 3.4% 5%
2022-01-13 10:00 AM Dec 5.1% 4.8% 5.4% 5%
2022-02-15 10:00 AM Jan 5.1%


Related Last Previous Unit Reference
Inflation Rate 5.10 4.80 percent Dec/21
Consumer Price Index CPI 110.64 109.90 points Dec/21
Harmonised Consumer Prices 104.87 104.35 points Dec/21
Core Inflation Rate 1.03 0.66 percent Dec/21
Core Consumer Prices 98.23 97.17 points Dec/21
GDP Deflator 98.44 99.90 points Dec/20
Producer Prices 118.90 117.60 points Nov/21
Producer Prices Change 24.50 23.50 percent Nov/21
Import Prices 127.85 131.70 points Nov/21
Inflation Rate Mom 0.70 0.50 percent Dec/21
Food Inflation 4.30 3.50 percent Dec/21
CPI Transportation 129.33 128.94 points Dec/21
CPI Housing Utilities 136.11 134.99 points Dec/21


News Stream
Greek December Inflation Highest Since 2011
Greece’s annual inflation rate rose for the eighth consecutive month to 5.1 percent in December of 2021. It was the highest inflation rate since January of 2011 as prices advanced at a faster pace for housing & utilities (18 percent vs 17.7 percent) on account of higher charges of electricity (45 percent), heating oil (34.1 percent) and natural gas (135.7percent); food & non-alcoholic beverages (4.3 percent vs 3.5 percent); and transport (10.9 percent vs 9.3 percent) due to higher prices of fuel and lubricants (21.7 percent). Also, prices fell less for communication (-2.5 percent vs -2.7 percent). Meanwhile, downward pressure came from clothing and footwear (3 percent vs 3.9 percent); hotels, cafes and restaurants (1.2 percent vs 1.3 percent); recreation and culture (-0.6 percent vs -0.3 percent); and education (0.9 percent vs 1.3 percent). On a monthly basis, consumer prices increased 0.7 percent, accelerating from a 0.5 percent rise in the prior month.
2022-01-13
Greece November Inflation at Over 11-Year High
Greece’s annual inflation rate rose for the seventh consecutive month to 4.8 percent in November of 2021. It was the highest inflation rate since January of 2011 as prices advanced at a faster pace for housing & utilities (17.7 percent vs 11.7 percent); clothing and footwear (3.9 percent vs 0.4 percent), food & non-alcoholic beverages (3.5 percent vs 3.0 percent), transport (9.3 percent vs 9.2 percent) and education (1.3 percent vs 0.9 percent). On a monthly basis, consumer prices increased 0.5 percent, slowing from a 1.5 percent rise in the prior month.
2021-12-10
Greek October Inflation Rate Highest since 2011
Greece’s annual inflation rate rose for the sixth consecutive month to 3.4 percent in October of 2021, the highest since April of 2011. Main upward pressure came from prices of transport (9.2 percent vs 7.8 percent in September); housing & utilities (11.7 percent vs 4.7 percent); and food & non-alcoholic beverages (3.0 percent vs 3.1 percent). On a monthly basis, consumer prices increased 1.5 percent, slowing from a 2.1 percent rise in the prior month.
2021-11-10