Latest reading: Consumer prices fell 0.1% on an annual basis in May, swinging from April’s 0.4% increase. May’s result marked...
Inflation in Greece
In the year 2024, the inflation in Greece was 3.00%, compared to -1.39% in 2014 and 4.16% in 2023. It averaged 1.43% over the last decade. 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 drops to lowest level since June 2024 in April
Latest reading: Harmonized inflation dropped to 2.6% in April, below March’s 3.1%. April's result marked the lowest inflation rate since June 2024. Looking at the details of the release, prices for food and non-alcoholic beverages, housing and utilities plus recreation increased at slower rates in April. However, prices for transportation rebounded. Annual average inflation edged down to 2.9% in April (March: 3.0%). Meanwhile, consumer price inflation fell to 2.0% in April from the previous month's 2.4%. Finally, harmonized consumer prices increased 0.47% over the previous month in April, a smaller increase than the 1.89% increase logged in March.
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 17 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
-
Costa Rica: Consumer prices fall for the first time since November 2024 in May -
Egypt: Inflation accelerates again in May Latest reading: Inflation accelerated for the third consecutive month in May, hitting a four-month high of 16.9% from April’s 13.9%.... -
Turkey: Inflation declines to lowest level since November 2021 in May Latest reading: Inflation came in at 35.4% in May, which was down from April’s 37.9%. May’s figure marked the lowest... -
Euro Area: Harmonized inflation drops to lowest level since September 2024 in May Latest reading: Harmonized inflation fell to 1.9% in May, slightly below April’s 2.2% and the ECB’s 2.0% target. May’s result... -
Kazakhstan: Inflation rises to a near two-year high in May Latest reading: Inflation climbed to 11.3% in May from April’s 10.7%, marking the highest rate since September 2023. The reading... -
Poland: Inflation eases in May Latest reading: Inflation came in at 4.1% in May, below April’s 4.3% but above the 3.5% upper bound of the... -
Kenya: Inflation eases and remains below midpoint of target range in May Latest reading: Inflation eased to 3.8% in May from April’s eight-month high of 4.1%. As a result, the reading remained...