In January, consumer prices dropped 0.7% over the previous month, contrasting the 0.4% increase seen in December. The reading mainly reflected lower prices for clothing and footwear (-13.7% month-on-month), which offset higher prices for housing (+2.7% mom) and food (+1.0% mom). Despite the monthly price drop, annual inflation remained unchanged at December's 5.2%. Meanwhile, annual average HICP inflation (based on the harmonised index of consumer prices) rose from 4.7% in December to 4.9% in January. The government expects average inflation to moderate this year to 2.2%. Meanwhile, the European Commission and the International Monetary Fund (IMF) anticipate inflation to moderate to 1.5% - 2.0% amid subdued economic activity and high unemployment.
Inflation remains unchanged in January
February 10, 2011
Looking for forecasts related to Inflation in Greece? Download a sample report now.
Greece Economic News
October 10, 2016
In August, industrial production fell a working-day adjusted 0.3% compared to the same month last year, which contrasted the revised 4.7% expansion in July (previously reported: +4.1% year-on-year).
October 6, 2016
The number of unemployed fell by 5,357 in July, according to the Hellenic Statistical Authority (EL.STAT.).
October 3, 2016
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) deteriorated in September, erasing most of the gains made in August.
September 9, 2016
In July, industrial production rose a working-day adjusted 4.1% compared to the same month last year, which came in below the revised 7.9% expansion in June (previously reported: +7.5% year-on-year).
September 8, 2016
The number of unemployed fell by 6,800 in June, according to the Hellenic Statistical Authority (EL.STAT.).