Latest reading: Inflation inched up to 0.2% in July, slightly above June’s 0.1% and market expectations of 0.1%. Prices rose...
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 2024 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 |
Harmonized inflation increases to over one-year high in June
Latest reading: Harmonized inflation rose to 3.6% in June from May’s 3.3%. June's figure represented the highest inflation rate since December 2023. Looking at the details of the release, prices for housing and utilities plus hospitality rose at a quicker pace in June compared to the previous month. Moreover, transportation prices fell at a softer rate. That said, price pressures for food softened. The trend pointed up slightly, with annual average harmonized inflation coming in at 3.1% in June (May: 3.0%). Meanwhile, consumer price inflation rose to 2.8% in June from May’s 2.5%. Finally, harmonized consumer prices rose 1.28% over the previous month in June, picking up from May's 0.35% rise.
Consensus Forecasts and Projections for the next ten years
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 19 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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Taiwan: Inflation increases in July but remains mild Latest reading: Inflation ticked up to 1.5% in July from June’s 1.4%. The reading was driven by rising price pressures... -
Denmark: Inflation reaches near two-year high in July Latest reading: Inflation increased to 2.3% in July, following June’s 1.9%. July’s result marked the highest inflation rate since August... -
Thailand: Consumer prices record biggest drop since February 2024 in July Latest reading: Consumer prices declined 0.7% in annual terms in July, a larger drop compared to June’s 0.2% year-on-year decrease...