Greece's producer prices fell 2.6 percent from a year earlier in August 2019, following a 0.9 percent drop in the previous month. Energy costs declined by the most (-5.9 percent vs -2.3 percent), followed by consumer goods (-0.3 percent, the same as in July). Meanwhile, intermediate goods prices rose 0.4 percent (vs 0.7 percent in July) and capital goods costs advanced 0.2 percent, the same as in July. Producer Prices Change in Greece averaged 2.73 percent from 1996 until 2019, 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 -1.70 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 0.80 in 12 months time. In the long-term, the Greece Producer Prices Change is projected to trend around 1.40 percent in 2020, according to our econometric models.