Education, alcoholic beverages, tobacco and other goods and services account for the remaining 14 percent of total weight. The Consumer Price Index in Greece decreased 0 percent in June of 2020 over the previous month. 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). Inflation Rate in Greece averaged 8.14 percent from 1960 until 2020, 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. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Inflation Rate YoY Inflation Rate YoY In contrast, food inflation edged up to 1.9 percent and prices of clothing and footwear increased 2.8 percent. For comparison, inflation in India amounted to 3.44 percent that same year. Inflation Rate YoY In 2009, Greece’s budget deficit exceeded 15% of its gross domestic product. Inflation Rate YoY Please check your download folder. The inflation rate is based upon the consumer price index (CPI). We have provided a few examples below that you can copy and paste to your site:Your image export is now complete. Greece inflation rate … Downward pressure came from transport (-7.0 percent vs -6.1 percent in April), housing (-3.9 percent vs -4.7 percent), communication (-2.2 percent vs -2.3 percent), recreation & culture (-0.9 percent vs -1.3 percent), household equipment (-0.8 percent vs -1.6 percent) and miscellaneous goods & services (-0.8 percent, the same as in April).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, cafés and restaurants (11 percent). The reading mainly reflects higher prices for clothing and footwear (+37.5% month-on-month) due to the end of season discounts and the arrival of the new collections. The CPI inflation rates in the table are presented both on a monthly basis (compared to the month before) as well as on a yearly basis (compared to the same month the year before). Please check your download folder. ... rather than strengthening the economy, the country suffered soaring inflation … Inflation Rate YoY
Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic.If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Main downward pressure came from prices of transport (-9.1 percent, the same pace as in June); housing (-4.5 percent, the same pace as in June); recreation & culture (-1.2 percent, the same pace as in June); communication (-1.8 percent vs -2.4 percent) and household equipment (-0.9 percent vs -1.2 percent). Consumer prices in Greece fell 1.9 percent year-on-year in August of 2020, following a 1.8 percent drop in July and marking the 5th straight month of deflation. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. In 2019, the average inflation rate in Greece was at 0.52 percent compared to the previous year. In addition, food inflation slowed (1.8 percent vs 3.6 percent). Publish your articles and forecasts in our website.1960-2020 Data | 2021-2022 Forecast | Calendar | Historical It was the third consecutive decline in consumer prices, as cost continued to drop for transport (-9.1 percent vs -7 percent in May); housing (-4.5 percent vs -3.9 percent); communication (-2.4 percent vs -2.2 percent); recreation & culture (-1.2 percent vs -0.9 percent); household equipment (-1.2 percent vs -0.8 percent) and miscellaneous goods & services (-1 percent vs -0.8 percent). Greece defaulted on its debt was astounding and left many wondering how Greece’s situation became so dire. Inflation Rate YoY TEForecast The Greek government-debt crisis was the sovereign debt crisis faced by Greece in the aftermath of the financial crisis of 2007–08.Widely known in the country as The Crisis (Greek: Η Κρίση), it reached the populace as a series of sudden reforms and austerity measures that led to impoverishment and loss of income and property, as well as a small-scale humanitarian crisis. It was the fourth consecutive decline in consumer prices and at the steepest rate since July of 2015. Inflation Rate Mom in Greece averaged 0.63 percent from 1959 until 2020, reaching an all time high of 5.98 percent in November of 1973 and a record low of -2.08 percent in August of 1974. Reference Greece's consumer prices decreased 1.8 percent from a year earlier in July of 2020, following a 1.6 percent fall in the previous month. Greece inflation rate for 2019 was 0.25%, a 0.37% decline from 2018. 2009=100, NSA Greece's consumer price fell 1.6 percent from a year earlier in June 2020, following a 1.1 percent decrease in the previous month. On a monthly basis, consumer prices went down 1.7 percent, after being flat in the previous month. Read more Monthly inflation rate in Greece was -1.77% in January 2019.
On a monthly basis, consumer prices dropped 0.6 percent. Greece Crisis Explained . The Trading Economics Application Programming Interface (API) provides direct access to our data. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic.If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. Fear of default widened the 10-year bond spread and ultimately led to the collapse of Greece’s bond market This would shut down Greece’s ability to finance further debt repayments. That is 1.87 less than it was in December 2018 and 0.12 less than in January 2018. Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data.
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