Inflation Greece 2022
Average inflation: 9.6%
Current Inflation
Inflation is very high at 9.6%, far above the ECB target.
Peak and Trough
The highest inflation was in June at 12.1%. The lowest inflation was in January at 6.2%.
- Highest month
- June: 12.1%
- Lowest month
- January: 6.2%
- Difference
- 5.9 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 24.7%. The lowest price increase was in Communication with an average of -2.4%.
- Highest increase
- Housing, water, electricity, gas and other fuels: 24.7%
- Lowest increase
- Communication: -2.4%
Historical Context
Current inflation is 7.5% higher than the 5-year average of 2.1%. This approaches the highest level since records began (9.6% in 2022).
- 5-year average
- 2.1%
- 10-year average
- 0.7%
- All-time high (2022)
- 9.6%
- All-time low (2015)
- -1.7%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +8.4 percentage point.
- Change vs. previous year
- +8.4 percentage points
- Largest monthly swing
- May: +11.2 percentage points
ECB Target
Inflation is 7.6% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €109.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 6.2% | +8.2 |
| February | 7.2% | +8.5 |
| March | 8.9% | +10.5 |
| April | 10.2% | +10.5 |
| May | 11.3% | +11.2 |
| June | 12.1% | +11.1 |
| July | 11.6% | +10.2 |
| August | 11.4% | +9.5 |
| September | 12.0% | +9.8 |
| October | 9.1% | +5.7 |
| November | 8.5% | +3.7 |
| December | 7.2% | +2.1 |
| Average | 9.6% |
Data source
Data from OECD. Last updated: 13/01/2026.