Inflation in Greece
Harmonized consumer price inflation averaged 1.4% in the ten years to 2024. The 2024 average figure was 3.0%. For more inflation information, visit our dedicated page.
Greece Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Greece from 2025 to 2023.
Source: Macrobond.
Greece Inflation Data
2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Inflation (HICP, ann. var. %, aop) | -1.3 | 0.6 | 9.3 | 4.2 | 3.0 |
Inflation (CPI, ann. var. %, eop) | -2.3 | 5.1 | 7.2 | 3.5 | 2.6 |
Inflation (HICP, ann. var. %, eop) | -2.4 | 4.4 | 7.6 | 3.7 | 2.9 |
Inflation (PPI, ann. var. %, aop) | -4.6 | 11.9 | 33.5 | -6.5 | -2.4 |
Inflation slows in September from August
Latest reading: Harmonized consumer prices rose 1.8% in annual terms in September, following a 3.1% rise in the previous month. Relative to the prior month's figures, there were milder price pressures for food and non-alcoholic beverages (+1.4% on a year-on-year basis vs +2.6% in August), housing and utilities (+1.4% vs +4.7% in August), recreation (+1.1% vs +2.4% in August) and restaurants and hotels (+2.7% vs +4.4% in August). In contrast, price pressures were higher for transportation in September (+2.4% vs +2.3% in August). Meanwhile, consumer prices increased 1.9% in annual terms in September, following a 2.9% rise in the previous month. Lastly, harmonized consumer prices were up 0.54% in September on a month-on-month basis, following a 0.63% decline in the prior month.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Greek inflation projections for the next ten years from a panel of 16 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Greek inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Greek inflation projections.
Want to get access to the full dataset of Greek inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Greece: Inflation slows in September from August Latest reading: Harmonized consumer prices rose 1.8% in annual terms in September, following a 3.1% rise in the previous month.... -
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