Inflation in Greece
Greece - Harmonized Inflation
Harmonized inflation drops to six-month low in October
Harmonized inflation came in at 9.5% in October, which was down from September’s 12.1%. October's reading represented the lowest inflation rate since April. The decline was driven by moderating price pressures for transportation and housing and utilities. That said, food inflation accelerated further.
The trend pointed up, with annual average harmonized inflation coming in at 8.6% in October (September: 8.1%). Meanwhile, consumer price inflation fell to 9.1% in October, from September’s 12.0%.
Lastly, harmonized consumer prices dropped 1.25% in October over the previous month, contrasting September's 2.96% rise. October's result marked the lowest reading since April.
Our panel sees harmonized inflation averaging 4.9% in 2023, which is down 0.1 percentage points from last month’s estimate. In 2024, our panel sees harmonized inflation averaging 1.8%.
Greece - Harmonized Inflation Data
|Inflation Rate (HICP, annual variation in %)||-1.1||0.0||1.1||0.8||0.5|
5 years of economic forecasts for more than 30 economic indicators.
Greece Harmonized Inflation Chart
Source: National Statistical Service and FocusEconomics calculations.
|Bond Yield||1.91||0.76 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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November 17, 2022
Harmonized inflation came in at 9.5% in October, which was down from September’s 12.1%.
November 10, 2022
Industrial output dropped 1.1% year on year in working-day adjusted terms in September (August: +4.4% yoy).
November 3, 2022
September’s data pointed to an improvement in the labor market.
November 1, 2022
The S&P Global Manufacturing Purchasing Managers' Index (PMI) fell to 48.1 in October from September's 49.7.
October 19, 2022
Harmonized inflation came in at 12.1% in September, which was up from August’s 11.2%.