Latest reading: Consumer prices rose 5.2% in annual terms in November, following a 5.3% rise in the previous month. Relative...
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 2014 to 2025.
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 |
Inflation slows in October from the prior month
Latest reading: Harmonized consumer prices rose 1.6% on a year-on-year basis in October, following a 1.8% rise in the prior month. Food, housing and education saw the steepest price rises in October, while price pressures for household equipment, transport and communication were more modest. Meanwhile, consumer prices increased 2.0% in annual terms in October, following a 1.9% rise in the prior month. Finally, harmonized consumer prices fell 0.09% in October on a month-on-month basis, following a 0.54% increase in the previous month.
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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