Greek producer inflation rate rose to 7.7 percent year-on-year in October 2018, following a 6.8 percent gain in the previous month. It was the highest producer inflation rate since July, as prices advanced further for energy (18.4 percent compared to 16.6 percent in September); intermediate goods (1.4 percent compared to 1.0 percent); capital goods (0.9 percent compared to 0.5 percent) and durable (1.1 percent compared to 1.0 percent). On the other hand, cost of non-durable consumer goods fell at a faster pace (-1.3 percent compared to -1.1 percent). On a monthly basis, producer prices went up 1.1 percent, after a 0.7 percent rise in the prior month. Producer Prices Change in Greece averaged 2.80 percent from 1996 until 2018, reaching an all time high of 15.57 percent in July of 2008 and a record low of -11.40 percent in February of 2016.
Producer Prices Change in Greece is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Greece to stand at 2.50 in 12 months time. In the long-term, the Greece Producer Prices Change is projected to trend around 2.30 percent in 2020, according to our econometric models.