Inflation Greece 2016
Average inflation: -0.8%
Inflation in 2016
There is deflation with consumer prices declining by 0.8%.
Peak and Trough
The highest inflation was in December at 0.0%. The lowest inflation was in March at -1.5%.
- Highest month
- December: 0.0%
- Lowest month
- March: -1.5%
- Difference
- 1.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Restaurants and hotels with an average of 2.2%. The lowest price increase was in Housing, water, electricity, gas and other fuels with an average of -3.2%.
- Highest increase
- Restaurants and hotels: 2.2%
- Lowest increase
- Housing, water, electricity, gas and other fuels: -3.2%
Historical Context
Inflation is around the 5-year average of -0.6%.
- 5-year average
- -0.6%
- 10-year average
- 1.3%
- All-time high (1997)
- 5.5%
- All-time low (2015)
- -1.7%
Trend
Over the period 2014-2016, inflation has remained relatively stable. Compared to 2015, inflation has risen by 0.9 percentage points.
- Change vs. previous year
- +0.9 percentage points
- Largest monthly swing
- January: +2.1 percentage points
ECB Target
Inflation is 2.8 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 €99.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2016
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2015 |
|---|---|---|
| January | -0.7% | +2.1 |
| February | -0.5% | +1.7 |
| March | -1.5% | +0.6 |
| April | -1.3% | +0.8 |
| May | -0.9% | +1.2 |
| June | -0.7% | +1.5 |
| July | -1.0% | +1.2 |
| August | -0.9% | +0.6 |
| September | -1.0% | +0.7 |
| October | -0.5% | +0.4 |
| November | -0.9% | -0.2 |
| December | 0.0% | +0.2 |
| Average | -0.8% |
Data source
Data from OECD. Last updated: 13/01/2026.