Inflation Greece 2024
Average inflation: 2.7%
Current Inflation
Inflation is normal at 2.7%, around the ECB target.
Peak and Trough
The highest inflation was in March at 3.2%. The lowest inflation was in June at 2.3%.
- Highest month
- March: 3.2%
- Lowest month
- June: 2.3%
- Difference
- 0.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Restaurants and hotels with an average of 6.0%. The lowest price increase was in Communication with an average of -0.3%.
- Highest increase
- Restaurants and hotels: 6.0%
- Lowest increase
- Communication: -0.3%
Historical Context
Current inflation is around the 5-year average of 3.2%.
- 5-year average
- 3.2%
- 10-year average
- 1.5%
- All-time high (2022)
- 9.6%
- All-time low (2015)
- -1.7%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +0.8 percentage point.
- Change vs. previous year
- -0.8 percentage points
- Largest monthly swing
- January: -3.9 percentage points
ECB Target
Inflation is 0.7% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 3.1% | -3.9 |
| February | 2.9% | -3.2 |
| March | 3.2% | -1.4 |
| April | 3.1% | +0.1 |
| May | 2.4% | -0.4 |
| June | 2.3% | +0.5 |
| July | 2.7% | +0.2 |
| August | 3.0% | +0.3 |
| September | 2.9% | +1.3 |
| October | 2.4% | -1.0 |
| November | 2.4% | -0.6 |
| December | 2.6% | -0.9 |
| Average | 2.7% |
Data source
Data from OECD. Last updated: 11/01/2026.