FX.co ★ Greek Producer Prices Swing to 8.3% Annual Gain in March, Ending Deflation Streak

Greece’s Producer Price Index (PPI) surged 8.3% year-over-year in March 2026, a sharp reversal from the 1.7% annual decline recorded in February 2026, according to data updated on 30 April 2026. The figures mark a notable turnaround in factory-gate prices, which had been in negative territory on a year-on-year basis just a month earlier.

The comparison is based on changes in producer prices relative to the same month a year ago. The previous reading showed that in February 2026, Greek producer prices were 1.7% lower than in February 2025. In March 2026, however, prices were 8.3% higher than in March 2025, highlighting a swift shift from deflation to inflation in the production sector.

This move in the PPI suggests mounting cost pressures at the producer level, which could filter through to consumer prices in the coming months. Market participants and policymakers will be watching subsequent releases to determine whether March’s spike represents a one-off adjustment or the start of a sustained upward trend in Greek producer inflation.