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Inflation, consumer prices (annual %) - Greece. International Monetary Fund, International Financial Statistics and data files. License : CC BY-4.0. LineBarMap. Also Show Share Details. Label. 1960 - 2022.
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. The Laspeyres formula is generally used.
20 Ιουλ 2017 · The Greek financial crisis was a series of debt crises that began with the global financial crisis of 2008. Its source originated in the mismanagement of the Greek economy and of government finances, however, rather than exogenous international factors.
the average inflation by year for Greece - the average of 12 monthly inflation rates of a calendar year. In case you click on CPI Greece plus year in the inflation table, you will be directed to a page showing the historic inflation rates of that specific year in Greece.
The graph above displays annual inflation rates in Greece for calendar years from 1956 to 2023. To calculate cumulative rates between two different periods, you can use the Greece Inflation Calculator. Historical Annual Inflation Rates from 1956. The table below contains annual inflation rates in Greece from 1956.
The economic crisis that Greece has been experiencing from 2008 onward has been particularly severe. Real gross domestic product (GDP) per capita stood at approximately €22,600 in 2008, and dropped to €17,000 by 2014, a decline of 24.8%. 1 The unemployment rate was 7.8% in 2008, and rose to 26.6% in 2014.
Core consumer inflation focuses on the underlying and persistent trends in inflation by excluding prices set by the government and the more volatile prices of products, such as food and energy, most affected by seasonal factors or temporary supply conditions. Core inflation is also watched closely by policymakers.
