Inflation in Greece
Greece - Harmonized Inflation (end of period)
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 (eop) Data
| 2011 | 2012 | 2013 | 2014 | 2015 | |
|---|---|---|---|---|---|
| Inflation Rate (HICP, annual variation in %, eop) | 2.2 | 0.3 | -1.8 | -2.5 | 0.4 |
Greece Harmonized Inflation (eop) Chart
Source: National Statistical Service and FocusEconomics calculations.
Greece Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 5.23 | -0.54 % | Jul 18 |
| Exchange Rate | 1.16 | 0.96 % | Jul 18 |
| Stock Market | 848 | -1.17 % | Jul 18 |
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Economic News
Greece: Economy grew after all in Q1, revised data shows
June 23, 2017
A complete dataset released on 2 June by the Hellenic Statistical Authority (EL.STAT) revealed that the Greek economy performed much better than previously expected at the start of 2017.
Greece: Industrial production growth eases in April
June 9, 2017
Industrial production expanded a working-day adjusted 1.0% in April compared to the same month of last year, which was below March’s revised notable 10.1% growth (previously reported: +8.7% year-on-year).
Greece: Unemployment rate falls in March
June 8, 2017
The number of unemployed fell by 19,400 in March, according to the Hellenic Statistical Authority (EL.STAT.).
Greece: Revised data shows economy grew in Q1
June 2, 2017
A complete dataset released on 2 June by the Hellenic Statistical Authority (EL.STAT) revealed that the economy performed much better than previously expected at the start of 2017.
Greece: PMI edges up in May but business conditions remain bleak
June 1, 2017
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) inched up in May, but business conditions remained dismal in Greece’s manufacturing sector.
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