Inflation Greece 2014
Average inflation: -1.3%
Inflation in 2014
There is deflation with consumer prices declining by 1.3%.
Peak and Trough
The highest inflation was in August at -0.3%. The lowest inflation was in December at -2.6%.
- Highest month
- August: -0.3%
- Lowest month
- December: -2.6%
- Difference
- 2.3 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 2.0%. The lowest price increase was in Education with an average of -3.6%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 2.0%
- Lowest increase
- Education: -3.6%
Historical Context
Inflation is 2.8 percentage points lower than the 5-year average of 1.5%.
- 5-year average
- 1.5%
- 10-year average
- 2.2%
- All-time high (1995)
- 9%
- All-time low (2014)
- -1.3%
Trend
Over the period 2012-2014, inflation shows a downward trend. Compared to 2013, inflation has fallen by 0.4 percentage points.
- Change vs. previous year
- -0.4 percentage points
- Largest monthly swing
- January: -1.7 percentage points
ECB Target
Inflation is 3.3 percentage points below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €98.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2014
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2013 |
|---|---|---|
| January | -1.5% | -1.7 |
| February | -1.1% | -1.2 |
| March | -1.3% | -1.1 |
| April | -1.3% | -0.7 |
| May | -2.0% | -1.6 |
| June | -1.1% | -0.7 |
| July | -0.7% | 0.0 |
| August | -0.3% | +1.0 |
| September | -0.8% | +0.3 |
| October | -1.7% | +0.3 |
| November | -1.2% | +1.7 |
| December | -2.6% | -0.9 |
| Average | -1.3% |
Data source
Data from OECD. Last updated: 13/01/2026.