Inflation Greece 2002
Average inflation: 3.6%
Current Inflation
Inflation is high at 3.6%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 4.4%. The lowest inflation was in June at 3.3%.
- Highest month
- January: 4.4%
- Lowest month
- June: 3.3%
- Difference
- 1.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Alcoholic beverages, tobacco and narcotics with an average of 7.3%. The lowest price increase was in Communication with an average of -4.6%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 7.3%
- Lowest increase
- Communication: -4.6%
Historical Context
Current inflation is around the 5-year average of 3.5%.
- 5-year average
- 3.5%
- 10-year average
- 6.6%
- All-time high (1986)
- 23.2%
- All-time low (1999)
- 2.6%
Trend
Inflation has remained relatively stable. Compared to 2001, the difference is minimal (+0.2 percentage point).
- Change vs. previous year
- +0.2 percentage points
- Largest monthly swing
- November: +1.2 percentage points
ECB Target
Inflation is 1.6% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2002
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2001 |
|---|---|---|
| January | 4.4% | +1.0 |
| February | 3.4% | -0.1 |
| March | 4.0% | +1.0 |
| April | 3.8% | +0.3 |
| May | 3.4% | -0.2 |
| June | 3.3% | -0.6 |
| July | 3.3% | -0.6 |
| August | 3.5% | -0.3 |
| September | 3.5% | -0.1 |
| October | 3.7% | +0.9 |
| November | 3.6% | +1.2 |
| December | 3.4% | +0.4 |
| Average | 3.6% |
Data source
Data from OECD. Last updated: 11/01/2026.