Inflation Greece 2021
Average inflation: 1.2%
Current Inflation
Inflation is low at 1.2%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in December at 5.1%. The lowest inflation was in January at -2.0%.
- Highest month
- December: 5.1%
- Lowest month
- January: -2.0%
- Difference
- 7.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Housing, water, electricity, gas and other fuels with an average of 5.4%. The lowest price increase was in Communication with an average of -2.2%.
- Highest increase
- Housing, water, electricity, gas and other fuels: 5.4%
- Lowest increase
- Communication: -2.2%
Historical Context
Current inflation is 0.8% higher than the 5-year average of 0.4%.
- 5-year average
- 0.4%
- 10-year average
- -0.1%
- All-time high (2010)
- 4.7%
- All-time low (2015)
- -1.7%
Trend
Inflation has remained relatively stable. Compared to 2020, the difference is minimal (+2.4 percentage point).
- Change vs. previous year
- +2.4 percentage points
- Largest monthly swing
- December: +7.4 percentage points
ECB Target
Inflation is 0.8% 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 €101.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | -2.0% | -2.9 |
| February | -1.3% | -1.5 |
| March | -1.6% | -1.6 |
| April | -0.3% | +1.1 |
| May | 0.1% | +1.2 |
| June | 1.0% | +2.6 |
| July | 1.4% | +3.2 |
| August | 1.9% | +3.8 |
| September | 2.2% | +4.2 |
| October | 3.4% | +5.2 |
| November | 4.8% | +6.9 |
| December | 5.1% | +7.4 |
| Average | 1.2% |
Data source
Data from OECD. Last updated: 13/01/2026.