Greece Inflation Rate

The inflation rate in Greece was recorded at -1.30 percent in March of 2014. Inflation Rate in Greece is reported by the National Statistical Service of Greece. Inflation Rate in Greece averaged 9.14 Percent from 1960 until 2014, reaching an all time high of 33.70 Percent in January of 1974 and a record low of -2.90 Percent in November of 2013. In Greece, the most important categories in the consumer price index are: food and non-alcoholic beverages (17 percent of total weight); transport (13 percent); housing (12 percent) and hotels, coffee shops and restaurants (11 percent). The index also includes: clothing and footwear (9 percent); health (7 percent); furnishing and household equipment (7 percent); recreation and culture (5 percent); communication (5 percent). Education, alcoholic beverages, tobacco and other goods and services account for the remaining 14 percent of total weight. This page provides - Greece Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-1.30 -1.10 33.70 -2.90 -2.06 | 2014/04 1960 - 2014 Percent Monthly


Greece Inflation Rate

CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-13 10:00 AM Greece
Inflation Rate YoY
Dec 2013 -1.7% -2.9% -2.2% -3%
2014-02-14 10:00 AM Greece
Inflation Rate YoY
Jan 2014 -1.5% -1.7% -1.79%
2014-03-10 10:00 AM Greece
Inflation Rate YoY
Feb 2014 -1.1% -1.5% -1.87%
2014-04-10 10:00 AM Greece
Inflation Rate YoY
Mar 2014 -1.3% -1.1% -1.1% -1.97%
2014-05-09 10:00 AM Greece
Inflation Rate YoY
Apr 2014 -1.3% -2.06%
2014-06-10 10:00 AM Greece
Inflation Rate YoY
May 2014 -2.14%

Prices Last Previous Highest Lowest Forecast Unit
Inflation Rate -1.30 2014-03-31 -1.10 33.70 -2.90 -2.06 2014-04-30 Percent [+]
Core Inflation Rate -0.90 2014-02-15 -1.77 3.13 -3.93 -0.96 2014-03-31 Percent [+]
Consumer Price Index (CPI) 108.42 2014-03-15 105.94 111.34 1.14 108.85 2014-04-30 Index Points [+]
Core Consumer Prices 97.80 2014-02-15 99.50 105.30 97.80 100.01 2014-03-31 Index Points [+]
GDP Deflator 113.09 2013-06-30 115.48 115.85 86.05 112.85 2013-12-31 Index Points [+]
Harmonised Consumer Prices 120.89 2014-03-15 118.70 123.05 118.70 121.57 2014-04-30 Index Points [+]
Import Prices 108.30 2014-02-15 107.50 137.90 1.30 105.22 2014-03-31 Index Points [+]
Producer Prices 133.90 2014-02-15 135.40 139.50 68.80 133.43 2014-03-31 Index Points [+]
Producer Prices Change -3.47 2014-02-15 -0.88 15.57 -11.03 -1.94 2014-03-31 Percent [+]

Inflation Rate | Notes
The data given on this page shows an annual change in the Consumer Price Index. The CPI measures changes in the price level of consumer goods and services purchased by households. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services and averaging them. The items weight according to their importance. Depending on the country, the highest weights are usually given to the food, energy, housing, clothing, medical care, transportation and household equipment.


Greece Unemployment Rate Falls to 11-Month Low  
In January of 2014, Greek seasonally adjusted jobless rate fell to 26.7 down from a revised 27.2 percent in the previous month, but up from 26.5 percent a year earlier. Revised figures showed the unemployment fell for the fourth straight month.
Greek Trade Deficit Widens in February  
Greek trade deficit increased for the second consecutive month to a preliminary estimate of € -1.98 billion, due to a 7 percent drop in exports. A year earlier, the trade deficit reached € 1.76 billion.
Greek Trade Deficit Narrows in January  
Trade deficit in Greece narrowed to €1.62 billion in January of 2014 from €1.90 billion a year earlier, as imports shrank at a faster pace than exports. Compared with December of 2013, the trade deficit narrowed 16 percent, according to preliminary estimates.
Greece Unemployment Rate Falls Slightly  
In December of 2013, Greek seasonally adjusted jobless rate decreased marginally to 27.5 percent, compared to a downwardly revised 27.6 percent in November. The figure is more than twice the Euro Area’s average of 12 percent.
Greece Unemployment Rate Edges Up in November 2013  
In November of 2013, Greek jobless rate rose to a new record high at 28 percent from a revised 27.7 percent in October and 26.3 percent last year. Unemployment in Greece is more than twice the euro zone's record-high of 12.1 percent in the same period.
Greek Trade Deficit Narrows in December  
Preliminary estimates showed the Greek trade deficit decreased in the last month of 2013 to € 1.39 billion from € 1.5 billion in November and € 1.4 billion a year earlier.
Greek Unemployment Rate Up to 27.8% in October  
In October of 2013, Greece jobless rate slightly rose to a new record 27.8 percent, up from a revised 27.7 percent in September. A year ago, unemployment was recorded at 26.1 percent.
Greece Unemployment Rate at 27.4% in September  
The seasonally adjusted jobless rate in September of 2013 was 27.4 percent compared to 26.0 percent in September of 2012 and 27.3 percent in August.
Greek Trade Deficit Widens in October  
In October of 2013, Greece trade deficit increased to € 1.84 billion, from €1.54 billion in September, as exports fell while imports rose for the third consecutive month.
Greece Unemployment Rate Remained Unchanged in August  
In August, Greek jobless rate was 27.3 percent compared to 25.5 percent in August 2012 and 27.3 percent in July 2013. Youth unemployment grew to 60.6 percent.


Tokyo Core CPI At 22- Year High in April  
Core consumer prices in Tokyo, a leading indicator of nationwide inflation, rose 2.7 percent in April from a year earlier, the fastest gain since 1992 as an increase in sales tax drove up cost of goods and services.
US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.

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