Greece - Consumer Price Index (CPI)

Greece: Consumer Price Index (CPI)

Mnemonic CPI.IGRC
Unit Index 2009=100, NSA
Adjustments Not Seasonally Adjusted
Monthly 2.03 %
Data Sep 2020 105.4
Aug 2020 103.3

Series Information

Source Hellenic Statistical Authority (ELSTAT)
Release CPI - Consumer Price Index and Harmonized CPI
Frequency Monthly
Start Date 1/31/1957
End Date 9/30/2020

Greece: Price

Reference Last Previous Units Frequency
Consumer Price Index (CPI) Sep 2020 105.4 103.3 Index 2009=100, NSA Monthly
Producer Price Index (PPI) Aug 2020 95.7 95.89 Index 2015=100, NSA Monthly
Wholesale Price Index Dec 2004 110.42 109.93 Index 2005=100 Monthly

Release Information

In accordance with the Hellenic Statistical Authority's website:

Data are disseminated on the CPI, which covers the entire country of Greece.Prices are not seasonally adjusted.In addition to the national Consumer Price Index the Harmonized Index of Consumer Prices (HICP) is compiled. The revised CPI, in conformity with the HICPs practice, is rounded up to 2 decimal figures when published.HICPs are compiled by the member states of the European Union, in conformity with Council and Commission Regulations, in order to provide comparable data for international inflation comparisons and, in particular, for the assessment of the price stability convergence criterion, as required by EU Convention.

The Harmonized Index of Consumer Prices (HICP) is compiled in parallel with the CPI by the Hellenic Statistical Authority (ELSTAT), since 1996.

The Harmonized Indices of Consumer Prices (HICPs) are compiled by the Member States of E.U. in accordance with EC Regulations, in order to provide comparable data for the international inflation comparisons and, in particular, for the assessment of the convergence criterion, of price stability, in the frame of the European Monetary Union (EMU) requirements. The HICPs are the basis for compiling the European Index of Consumer Prices (EICP) and the Monetary Union Index of Consumer Prices (MUICP), which provide the official measures of inflation in the EU28 and the Euro-zone (19 Member States), respectively. It should be noted that the HICP is not a cost of living index and it is not applied by a country for domestic use such as indexation or wage bargaining also it is not intended to replace the national Consumer Price Index.

Read more here.

HICP base year is according to (EC) Council Regulation EE 2015/2010.

The classification of items (goods and services) that are included in the index is based on the international classification COICOP (Classification of Individual consumption by Purpose) and, in particular, as this has been adapted to the needs of the HICPs of the EU Member States, thus creating the COICOP5/HICP classification.

Data is subject to revisions.