Greece - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Greece was 101.91 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 104.88 in 2012 and a minimum value of 1.12 in 1960.

Definition: Consumer price index reflects changes 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. The Laspeyres formula is generally used. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 1.12
1961 1.14
1962 1.14
1963 1.18
1964 1.18
1965 1.22
1966 1.28
1967 1.30
1968 1.31
1969 1.34
1970 1.38
1971 1.42
1972 1.49
1973 1.71
1974 2.17
1975 2.47
1976 2.79
1977 3.13
1978 3.53
1979 4.20
1980 5.23
1981 6.52
1982 7.89
1983 9.48
1984 11.23
1985 13.39
1986 16.48
1987 19.18
1988 21.77
1989 24.75
1990 29.80
1991 35.60
1992 41.26
1993 47.20
1994 52.33
1995 57.01
1996 61.68
1997 65.09
1998 68.20
1999 70.00
2000 72.20
2001 74.64
2002 77.35
2003 80.08
2004 82.40
2005 85.32
2006 88.05
2007 90.60
2008 94.36
2009 95.50
2010 100.00
2011 103.33
2012 104.88
2013 103.92
2014 102.55
2015 100.77
2016 99.94
2017 101.06
2018 101.69
2019 101.95
2020 100.68
2021 101.91

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices