In an encouraging development for the Greek economy, the Producer Price Index (PPI) saw a notable improvement in November 2024, reaching -1.2%. This marks a positive trend from October's figure of -2.3%, as reported in data updated on December 30, 2024.
The year-over-year comparison demonstrates a decline in the negative trend, suggesting that pressures on producer prices may be easing. The PPI is an essential economic indicator used to measure the average change over time in the selling prices received by domestic producers for their output. A less negative index could indicate a potential reduction in deflationary pressures within Greece, which has been a significant concern throughout the year.
Economists are closely monitoring these developments as they evaluate the broader implications on the Greek economy, including impacts on consumer prices and overall economic activity. With this positive shift in November, Greece's economic outlook may be strengthening as it moves into the new year.
