Greece | Consumer price index (2010 = 100)

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. 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.
Publisher
The World Bank
Origin
Hellenic Republic
Records
63
Source
Greece | Consumer price index (2010 = 100)
1.12134954 1960
1.14493802 1961
1.13949466 1962
1.17578372 1963
1.18304187 1964
1.22114614 1965
1.28102402 1966
1.30461224 1967
1.30642644 1968
1.34090198 1969
1.37900599 1970
1.42436799 1971
1.48606024 1972
1.71468502 1973
2.17011987 1974
2.46588034 1975
2.78704349 1976
3.13179511 1977
3.52553772 1978
4.19871006 1979
5.2347793 1980
6.51761785 1981
7.88573679 1982
9.47703757 1983
11.22619669 1984
13.39450211 1985
16.47730716 1986
19.17906867 1987
21.77377769 1988
24.74710981 1989
29.80381028 1990
35.6023936 1991
41.25501191 1992
47.20038077 1993
52.33298589 1994
57.00868393 1995
61.68029028 1996
65.09491279 1997
68.19748327 1998
69.99560066 1999
72.20128917 2000
74.63733779 2001
77.34619452 2002
80.07701815 2003
82.39832928 2004
85.31940998 2005
88.04617297 2006
90.59511251 2007
94.3573437 2008
95.49913614 2009
100 2010
103.32985323 2011
104.88137884 2012
103.91513873 2013
102.55150093 2014
100.77132168 2015
99.93929926 2016
101.05987317 2017
101.69212538 2018
101.9494141 2019
100.67710218 2020
101.90921373 2021
111.73862217 2022

Greece | Consumer price index (2010 = 100)

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. 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.
Publisher
The World Bank
Origin
Hellenic Republic
Records
63
Source