Inflation in Greece
Greece - Harmonized Inflation
Inflation rises in March
In March, consumer prices rebounded sharply, rising 3.3% over the previous month, after dropping 1.3% in February. The reading mainly reflects higher prices for clothing and footwear (+37.5% month-on-month) due to the end of season discounts and the arrival of the new collections. Prices for housing (+1.7% mom) and transport (+1.2% mom) also increased. Meanwhile, annual inflation stepped up to 4.5% (February: 4.4% yoy), breaking the moderating trend in place since December last year. Annual average HICP inflation (based on the harmonized index of consumer prices) was unchanged at 5.0% in March.
Greece - Harmonized Inflation Data
|Inflation Rate (HICP, annual variation in %)||1.0||-0.9||-1.4||-1.1||0.0|
5 years of economic forecasts for more than 30 economic indicators.
Greece Harmonized Inflation Chart
Source: National Statistical Service and FocusEconomics calculations.
|Bond Yield||5.44||0.03 %||Aug 16|
|Exchange Rate||1.17||-0.12 %||Aug 16|
|Stock Market||842||1.77 %||Aug 16|
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August 10, 2017
The number of unemployed fell by 5,490 in May compared with a decrease of 13,000 in April, according to the Hellenic Statistical Authority (EL.STAT). The unemployment rate inched down from April’s revised 21.8% (previously reported: 21.7%) to 21.7%, a multi-year low.
August 8, 2017
Industrial production expanded a working-day-adjusted 1.6% in June compared to the same month of last year, which was significantly below May’s revised 6.3% growth (previously reported: +5.4% year-on-year).
August 2, 2017
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) was table in July, resting at June’s nearly one year high of 50.5.
July 10, 2017
Industrial production expanded a strong working-day adjusted 5.4% in May compared to the same month of last year, which was notably above April’s revised 0.8% growth (previously reported: +1.0% year-on-year).
July 7, 2017
The number of unemployed fell by 12,900 in April, according to the Hellenic Statistical Authority (EL.STAT.).