Greece's producer prices surged 3.1 percent from a year earlier in February 2019 after being unchanged in the previous month, boosted by prices of energy (7 percent vs unchanged in January), intermediate goods (1.4 percent vs 1.3 percent), durable consumer goods (0.5 percent vs 0.9 percent) and capital goods (0.1 percent, the same as in January). On the other hand, non-durable consumer goods prices fell 0.8 percent, following a 1.2 percent drop in January. On a monthly basis, producer prices jumped 1.7 percent in February. Producer Prices Change in Greece averaged 2.78 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 2.20 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 1.20 in 12 months time. In the long-term, the Greece Producer Prices Change is projected to trend around 1.80 percent in 2020, according to our econometric models.