The annual inflation rate in Greece declined to 1.0 percent in November of 2018 from 1.8 percent in the previous month. It was the lowest inflation rate since August, as prices slowed for food & non-alcoholic beverages (1.0 percent from 2.0 percent in October); transport (2.3 percent from 4.3 percent); housing (2.5 percent from 3.7 percent); hotels, cafes and restaurants (1.2 percent from 1.3 percent); and health (0.7 percent from 0.8 percent). Also, cost of household equipment dropped further (-1.8 percent from -1.3 percent). On the other hand, prices declined less for clothing & footwear (-0.7 percent from -0.9 percent) and cost of recreation & culture continued to fall (-0.9 percent, the same as in October). On a monthly basis, consumer prices went down 0.7 percent, after rising 0.1 percent in the prior month. Inflation Rate in Greece averaged 8.37 percent from 1960 until 2018, 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 1.00 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 1.50 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
2018-09-10 09:00 AM Inflation Rate YoY 1% 0.9% 1.1%
2018-10-10 09:00 AM Inflation Rate YoY 1.1% 1% 1.1%
2018-11-09 10:00 AM Inflation Rate YoY 1.8% 1.1% 1.2%
2018-12-10 10:00 AM Inflation Rate YoY 1% 1.8% 2.2%
2019-01-11 10:00 AM Inflation Rate YoY 1% 1%
2019-02-15 10:00 AM Inflation Rate YoY
2019-03-08 10:00 AM Inflation Rate YoY


Greece Prices Last Previous Highest Lowest Unit
Inflation Rate 1.00 1.80 33.70 -2.90 percent [+]
Consumer Price Index CPI 108.44 107.61 111.34 1.14 Index Points [+]
Harmonised Consumer Prices 101.96 103.59 104.67 58.92 Index Points [+]
Core Consumer Prices 100.00 97.70 105.30 96.90 Index Points [+]
Core Inflation Rate 0.10 0.00 3.13 -16.39 percent [+]
GDP Deflator 95.00 94.37 100.80 58.61 Index Points [+]
Producer Prices 109.90 108.60 114.60 76.10 Index Points [+]
Producer Prices Change 7.70 6.80 15.57 -11.40 percent [+]
Import Prices 106.28 105.10 115.00 1.12 Index Points [+]
Inflation Rate Mom -0.70 0.80 5.98 -2.08 percent [+]
CPI Housing Utilities 122.18 122.86 134.22 63.28 Index Points [+]
CPI Transportation 123.90 127.16 129.60 76.55 Index Points [+]
Food Inflation 1.00 2.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.80 33.70 -2.90 1960 - 2018 percent Monthly




Country Last Previous
Argentina 45.50 Oct/18
Australia 1.90 Sep/18
Brazil 4.05 Nov/18
Canada 2.40 Oct/18
China 2.20 Nov/18
Euro Area 2.00 Nov/18
France 1.90 Nov/18
Germany 2.30 Nov/18
India 2.33 Nov/18
Indonesia 3.23 Nov/18
Italy 1.70 Nov/18
Japan 1.40 Oct/18
Mexico 4.72 Nov/18
Netherlands 2.00 Nov/18
Russia 3.80 Nov/18
Saudi Arabia 2.40 Oct/18
Singapore 0.70 Oct/18
South Africa 5.20 Nov/18
South Korea 2.00 Nov/18
Spain 1.70 Nov/18
Switzerland 0.90 Nov/18
Turkey 21.62 Nov/18
United Kingdom 2.40 Oct/18
United States 2.20 Nov/18


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