Inflation Greece 2020
Average inflation: -1.2%
Current Inflation
There is deflation with consumer prices declining by 1.2%.
Peak and Trough
The highest inflation was in January at 0.9%. The lowest inflation was in December at -2.3%.
- Highest month
- January: 0.9%
- Lowest month
- December: -2.3%
- Difference
- 3.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 1.4%. The lowest price increase was in Transport with an average of -5.2%.
- Highest increase
- Food and non-alcoholic beverages: 1.4%
- Lowest increase
- Transport: -5.2%
Historical Context
Current inflation is 1.2% lower than the 5-year average of -0.0%.
- 5-year average
- 0%
- 10-year average
- 0.1%
- All-time high (2010)
- 4.7%
- All-time low (2015)
- -1.7%
Trend
Inflation shows a downward trend. Compared to 2019, inflation has fallen by +1.4 percentage point.
- Change vs. previous year
- -1.4 percentage points
- Largest monthly swing
- December: -3.1 percentage points
ECB Target
Inflation is 3.2% 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 €98.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 0.9% | +0.5 |
| February | 0.2% | -0.4 |
| March | 0.0% | -0.9 |
| April | -1.4% | -2.4 |
| May | -1.1% | -1.3 |
| June | -1.6% | -1.3 |
| July | -1.8% | -1.8 |
| August | -1.9% | -1.7 |
| September | -2.0% | -1.9 |
| October | -1.8% | -1.1 |
| November | -2.1% | -2.3 |
| December | -2.3% | -3.1 |
| Average | -1.2% |
Data source
Data from OECD. Last updated: 11/01/2026.