Inflation Greece 2011
Average inflation: 3.3%
Current Inflation
Inflation is high at 3.3%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 5.2%. The lowest inflation was in August at 1.7%.
- Highest month
- January: 5.2%
- Lowest month
- August: 1.7%
- Difference
- 3.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Housing, water, electricity, gas and other fuels with an average of 8.9%. The lowest price increase was in Clothing and footwear with an average of -0.9%.
- Highest increase
- Housing, water, electricity, gas and other fuels: 8.9%
- Lowest increase
- Clothing and footwear: -0.9%
Historical Context
Current inflation is around the 5-year average of 3.3%.
- 5-year average
- 3.3%
- 10-year average
- 3.3%
- All-time high (1992)
- 15.9%
- All-time low (2009)
- 1.2%
Trend
Inflation shows an upward trend. Compared to 2010, inflation has risen by -1.4 percentage point.
- Change vs. previous year
- -1.4 percentage points
- Largest monthly swing
- August: -3.8 percentage points
ECB Target
Inflation is 1.3% 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 €103.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2011
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2010 |
|---|---|---|
| January | 5.2% | +2.8 |
| February | 4.4% | +1.6 |
| March | 4.5% | +0.6 |
| April | 3.9% | -0.9 |
| May | 3.3% | -2.1 |
| June | 3.3% | -1.9 |
| July | 2.4% | -3.1 |
| August | 1.7% | -3.8 |
| September | 3.1% | -2.5 |
| October | 3.0% | -2.2 |
| November | 2.9% | -2.0 |
| December | 2.4% | -2.8 |
| Average | 3.3% |
Data source
Data from OECD. Last updated: 11/01/2026.