Inflation Greece 2017
Average inflation: 1.1%
Current Inflation
Inflation is low at 1.1%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in March at 1.7%. The lowest inflation was in October at 0.7%.
- Highest month
- March: 1.7%
- Lowest month
- October: 0.7%
- Difference
- 1.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Transport with an average of 6.3%. The lowest price increase was in Furnishings, household equipment and maintenance with an average of -2.9%.
- Highest increase
- Transport: 6.3%
- Lowest increase
- Furnishings, household equipment and maintenance: -2.9%
Historical Context
Current inflation is 1.8% higher than the 5-year average of -0.7%.
- 5-year average
- -0.7%
- 10-year average
- 1.1%
- All-time high (1998)
- 4.8%
- All-time low (2015)
- -1.7%
Trend
Inflation shows an upward trend. Compared to 2016, inflation has risen by +1.9 percentage point.
- Change vs. previous year
- +1.9 percentage points
- Largest monthly swing
- March: +3.2 percentage points
ECB Target
Inflation is 0.9% 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 €101.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2017
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2016 |
|---|---|---|
| January | 1.2% | +1.9 |
| February | 1.3% | +1.8 |
| March | 1.7% | +3.2 |
| April | 1.6% | +2.9 |
| May | 1.2% | +2.1 |
| June | 1.0% | +1.7 |
| July | 1.0% | +2.0 |
| August | 0.9% | +1.8 |
| September | 1.0% | +2.0 |
| October | 0.7% | +1.2 |
| November | 1.1% | +2.0 |
| December | 0.7% | +0.7 |
| Average | 1.1% |
Data source
Data from OECD. Last updated: 13/01/2026.