Thailand: Inflation drops to lowest level since April in August
Inflation fell to 0.4% in August, below July’s 0.8%. August’s figure represented the lowest inflation rate since April. Looking at...
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
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Greece from 2014 to 2023.
Source: Macrobond.
Greece Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 0.5 | -1.3 | 0.6 | 9.3 | 4.2 |
| Inflation (CPI, ann. var. %, eop) | 0.8 | -2.3 | 5.1 | 7.2 | 3.5 |
| Inflation (HICP, ann. var. %, eop) | 1.1 | -2.4 | 4.4 | 7.6 | 3.7 |
| Inflation (PPI, ann. var. %, aop) | 0.4 | -7.3 | 13.8 | 35.1 | -7.1 |
Harmonized inflation rises in June
Harmonized inflation inched up to 2.2% in June, slightly above May’s 2.1%. Looking at the details of the release, prices for restaurants and hotels rose at a sharper rate, and housing and utilities prices dropped at a softer pace. That said, prices for food and non-alcoholic beverages, and for transportion increased at a more moderate pace in June. The trend pointed down mildly, with annual average harmonized inflation coming in at 3.0% in June (May: 3.1%). Meanwhile, consumer price inflation fell to 2.3% in June from the previous month's 2.4%. Lastly, harmonized consumer prices rose 1.02% in June over the previous month, contrasting the 0.29% drop recorded in May.
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.
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