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
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Inflation Rate (HICP, annual variation in %, eop) | 0.4 | 0.3 | 1.0 | 0.6 | 1.1 |
Greece Harmonized Inflation (eop) Chart

Source: National Statistical Service and FocusEconomics calculations.
Greece Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 1.91 | 0.76 % | Jan 01 |
Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Greece: Industrial output contracts at sharpest pace since June 2020 in April
June 10, 2022
Industrial output declined 4.5% year on year in working-day adjusted terms in April, which contrasted March's 8.1% increase.
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Greece: Growth slows in annual terms in Q1, but economy continues to exhibit strong momentum
June 7, 2022
GDP growth moderated to 7.0% in the first quarter, from 8.1% in the fourth quarter of last year.
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Greece: Manufacturing PMI records worst reading since March 2021 in May
June 1, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) came in at 53.8 in May, down from April's 54.8.
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Greece: Unemployment rate drops in March
May 18, 2022
March’s print suggested a reviving labor market, as the number of employed people increased by 16,180 compared with February 2022, while the seasonally-adjusted unemployment rate declined from February’s 12.7% to 12.2% in March.
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Greece: Industrial output growth rises in March
May 10, 2022
Industrial output expanded 7.9% year-on-year in working-day adjusted terms in March (February: +4.8% yoy).