Inflation Greece 2018
Average inflation: 0.6%
Inflation in 2018
Inflation is very low at 0.6%, well below the ECB target.
Peak and Trough
The highest inflation was in October at 1.8%. The lowest inflation was in January at -0.2%.
- Highest month
- October: 1.8%
- Lowest month
- January: -0.2%
- Difference
- 2.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Communication with an average of 2.9%. The lowest price increase was in Furnishings, household equipment and maintenance with an average of -1.6%.
- Highest increase
- Communication: 2.9%
- Lowest increase
- Furnishings, household equipment and maintenance: -1.6%
Historical Context
Inflation is 1.0 percentage points higher than the 5-year average of -0.4%.
- 5-year average
- -0.4%
- 10-year average
- 0.8%
- All-time high (2010)
- 4.7%
- All-time low (2015)
- -1.7%
Trend
Over the period 2016-2018, inflation shows an upward trend. Compared to 2017, inflation has fallen by 0.5 percentage points.
- Change vs. previous year
- -0.5 percentage points
- Largest monthly swing
- March: -1.9 percentage points
ECB Target
Inflation is 1.4 percentage points 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 €100.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2018
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2017 |
|---|---|---|
| January | -0.2% | -1.4 |
| February | 0.1% | -1.2 |
| March | -0.2% | -1.9 |
| April | 0.0% | -1.6 |
| May | 0.6% | -0.6 |
| June | 1.0% | 0.0 |
| July | 0.9% | -0.1 |
| August | 1.0% | +0.1 |
| September | 1.1% | +0.1 |
| October | 1.8% | +1.1 |
| November | 1.0% | -0.1 |
| December | 0.6% | -0.1 |
| Average | 0.6% |
Data source
Data from OECD. Last updated: 13/01/2026.