Greek producer prices fell in March after 24 months

Τhe first drop in more than two years was recorded by producer prices last March on an annual basis, as can be seen from the data published by the Hellenic Statistical Authority-ELSTAT.

The Overall Producer Price Index (PPI) in Industry (total of domestic and non-domestic market) with base year 2015=100.0 in March 2023 recorded a decrease of 10.9% compared with March 2022. The corresponding index in March 2022 had recorded an increase of 46.2% compared with March 2021.

The Overall Producer Price Index in March 2023 recorded a decrease of 5.8% compared with February 2023. The corresponding index in March 2022 had recorded an increase of 10.6% compared with February 2022.

The average Overall Index for the twelve-month period from April 2022 to March 2023 increased by 24.9% in comparison with the corresponding index for the period from April 2021 to March 2022, while the increase recorded between the previous twelvemonth periods amounted to 23.3%.

1. Annual rates of change: March 2023 compared with March 2022

The decrease of 10.9% in the Overall Producer Price Index in Industry in March 2023 compared with March 2022 is on account of the annual changes of the sub-indices of the markets as follows:

a. 11.1% decrease in the PPI of the Non-Domestic Market.

More specifically, the aforementioned decrease was the result of the yearly changes mainly of the sub-indices in the following NACE Rev.2 divisions:

b. 10.8% decrease in the PPI of the Domestic Market.

More specifically, the aforementioned decrease was the result of the yearly changes mainly of the sub-indices in the following NACE Rev.2 divisions:

2. Monthly rates of change: March 2023 compared with February 2023

The decrease of 5.8% in the Overall Producer Price Index in Industry in March 2023 compared with February 2023 is on account of the monthly changes of the sub-indices of the markets as follows:

a. 7.2% decrease in the PPI of the Domestic Market.

More specifically, the aforementioned decrease was the result of the monthly changes mainly of the sub-indices in the following NACE Rev.2 divisions:

b. 1.3% decrease in the PPI of the Non-Domestic Market.

More specifically, the aforementioned decrease was the result of the monthly changes mainly of the sub-indices in the following NACE Rev.2 divisions:

Producer Price Index (PPI) in Industry: Overall Market