Inflation in Greece
Harmonized consumer price inflation averaged 0.8% in the ten years to 2022, below the Euro Area average of 1.8%. The 2022 average figure was 9.3%. For more inflation information, visit our dedicated page.
Greece Inflation Chart
Greece Inflation Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Inflation (HICP, ann. var. %, aop) | 0.8 | 0.5 | -1.3 | 0.6 | 9.3 |
Inflation (CPI, ann. var. %, eop) | 0.6 | 0.8 | -2.3 | 5.1 | 7.2 |
Inflation (HICP, ann. var. %, eop) | 0.6 | 1.1 | -2.4 | 4.4 | 7.6 |
Inflation (PPI, ann. var. %, aop) | 4.3 | 0.4 | -7.3 | 13.8 | 35.1 |
Harmonized inflation increases in March
Harmonized inflation inched up to 3.4% in March, following February’s 3.1%. March's figure marked the highest inflation rate since December 2023. The result was mainly driven by stronger prices pressures for transportation, housing and restaurants and hotels. The trend pointed down mildly, with annual average harmonized inflation coming in at 3.4% in March (February: 3.6%). Meanwhile, consumer price inflation rose to 3.2% in March, from the previous month's 2.9%. Finally, harmonized consumer prices increased 1.80% from the previous month in March, picking up from February's 0.13% rise. March's jump was the highest reading since September 2023.
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.
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