Inflation Greece 2009
Average inflation: 1.2%
Current Inflation
Inflation is low at 1.2%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in December at 2.6%. The lowest inflation was in May at 0.5%.
- Highest month
- December: 2.6%
- Lowest month
- May: 0.5%
- Difference
- 2.1 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 5.2%. The lowest price increase was in Housing, water, electricity, gas and other fuels with an average of -2.7%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 5.2%
- Lowest increase
- Housing, water, electricity, gas and other fuels: -2.7%
Historical Context
Current inflation is 1.8% lower than the 5-year average of 3.0%. This approaches the lowest level since records began (1.2% in 2009).
- 5-year average
- 3%
- 10-year average
- 3.1%
- All-time high (1990)
- 20.3%
- All-time low (2009)
- 1.2%
Trend
Inflation shows a downward trend. Compared to 2008, inflation has fallen by +3.0 percentage point.
- Change vs. previous year
- -3.0 percentage points
- Largest monthly swing
- May: -4.4 percentage points
ECB Target
Inflation is 0.8% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €101.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2009
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2008 |
|---|---|---|
| January | 1.8% | -2.1 |
| February | 1.6% | -2.8 |
| March | 1.3% | -3.1 |
| April | 1.0% | -3.4 |
| May | 0.5% | -4.4 |
| June | 0.5% | -4.4 |
| July | 0.6% | -4.3 |
| August | 0.8% | -3.9 |
| September | 0.7% | -3.9 |
| October | 1.2% | -2.7 |
| November | 2.0% | -0.9 |
| December | 2.6% | +0.6 |
| Average | 1.2% |
Data source
Data from OECD. Last updated: 11/01/2026.