Greece GR: Consumer Price Index (CPI): Local Source Base Year: Housing, Water, Electricity, Gas and Other Fuels

Greece GR: Consumer Price Index (CPI): Local Source Base Year: Housing, Water, Electricity, Gas and Other Fuels data was reported at 119.796 2020=100 in 2023. This records a decrease from the previous number of 130.661 2020=100 for 2022. Greece GR: Consumer Price Index (CPI): Local Source Base Year: Housing, Water, Electricity, Gas and Other Fuels data is updated yearly, averaging 100.000 2020=100 from Dec 1999 (Median) to 2023, with 25 observations. The data reached an all-time high of 130.661 2020=100 in 2022 and a record low of 56.255 2020=100 in 1999. Greece GR: Consumer Price Index (CPI): Local Source Base Year: Housing, Water, Electricity, Gas and Other Fuels data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Greece – Table GR.OECD.MEI: Consumer Price Index: COICOP 1999: OECD Member: Annual. The index measures changes in the general level of the prices of goods and services purchased by the average household. Types of prices: The collected prices correspond with the prices actually paid by the consumer and refer to sales 'in cash', including all the taxes (included VAT). Special offers and discounts are not taken into account. Instead, the reduced prices of general offers and general discounts are collected. Price collection methods: Prices are collected by specialised NSSG staff who visits the outlets within a defined period of the month or on the fixed day of the week and register the prices into special price collection prints. The rent prices are collected directly from households. Treatment of Rentals for Housing: included. Treatment of Owner-Occupied Housing: excluded. Treatment of missing prices: The treatment of missing prices depends on the category of items, for which prices are collected. For seasonal items (fresh vegetables, fresh fruit, clothing and footwear items, etc.) is followed the anticipated method. The treatment of missing prices for the other items depends on the duration of absence of the item in the outlet. If the time interval of its absence exceeds 2 months, then the item is replaced. Selection of replacements items: When a specified item is no longer available in the market or has ceased to be important, as regards the consumption, because of the appearance of new varieties, then it is substituted by the item which has taken its place in the market. If the substitute item is comparable to the item it replaces, then it is tried to estimate whether the deviation of prices is due to differences in quality, weight, package, etc. and adjust the price accordingly, so that the adjusted price corresponds to the price of the new item, with quality level equivalent to that of the old item. However, if the substitute item is not comparable to the one it replaces, then the prices of the two items are linked, and a theoretical base price is calculated for the substitute item. Treatment of quality changes: NSSG uses implicit quality adjustment techniques (such as overlap, etc.), each time taking into account different parameters in the quality adjustment decision. Explicit methods are only used in the form of quantity judgment, expert judgment, etc. in certain cases. The demand for explicit quality adjustment techniques, such as option cost, hedonics, etc. should be explored in the long run in the scope of NSSG. Seasonal items: For dealing with the seasonality of fresh vegetables and fruit the method of monthly changing weights of the various species of these goods, by keeping the weights of sub-groups 'Fresh vegetables' and 'Fresh fruit' constant, is applied. For the other items which are not offered, exactly the same, throughout the year (such as clothing and footwear items, heating oil, cinema and theatre tickets, sport equipment, etc.), their last observed regular price is repeated for the months in which these items are not available in the market.; Index series starts in January 1999

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