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Explore Greece's latest macroeconomic trends and forecasts to inform business strategy and pinpoint opportunities and risks

Wholesale Price Index of Greece (2010 – 2019, Base Year 2010 = 100)

Wholesale price index (WPI) of Greece was 88 in 2019
On a year-on-year basis, the wholesale price index of Greece decreased by 4.8% in 2019
Between 2010 to 2019, the wholesale price index in Greece was highest in 2012 at 113 and was lowest in 2019 at 88

Overview of Greece’s Wholesale Price Index

Greece’s wholesale price index was 88 in 2019. The index decreased by 4.8% on a year-on-year basis in 2019. The wholesale price index of Greece has been decreasing in a declining trend since 2013, with the index declining from 107 points in 2011 to 88 points in 2019, keeping the base year 2010 at 100.

Wholesale Price Index Overview

The Wholesale price index (WPI) is “the price of a representative basket of goods. The wholesale price index refers to a mix of agricultural and industrial goods at various stages of production and distribution, including import duties. The Wholesale Price Index tracks changes in wholesalers' selling prices. The impact on consumer inflation increases as this number rises. The index is generated using consecutive price changes for the total output of items and has a base value of 100.

While the WPI focuses on the wholesale level, the concept of CPI focuses on the retail level. The two most useful and widely used metrics used to assess market inflation in a country are the wholesale price index and the consumer price index.

Key Elements Influenced by the Wholesale Price Index

Monetary and Fiscal Policies:

Both monetary and fiscal policies are used to regulate economic activity. Changes to these policies have an impact on the economy of the country due to the changing flow and supply of commodities.

Increasing Inflation:

The inflation rates at both the retail and wholesale levels reflect high food, fuel, and commodity costs as well as supply-side bottlenecks. Due to inflation, the living expenses increase with time. If inflation is high enough, the economy suffers. An increase in price could be a sign of an economy that is growing rapidly. When consumers purchase more than they require to avoid tomorrow's higher prices, the demand for goods and services increases.

Explore Greece's latest macroeconomic trends and forecasts to inform business strategy and pinpoint opportunities and risks Explore Greece's latest macroeconomic trends and forecasts to inform business strategy and pinpoint opportunities and risks Visit Report Store