🇬🇷Greece inflation rate
released 19 Aug 2026 · data through July 2026 · next release expected 31 Aug 2026
Greece adopted the euro in 2001. Harmonised inflation (HICP) — the EU-harmonised measure that makes prices comparable across Europe — stands at 2.7% as of July 2026. That is 0.7 percentage points above the ECB's 2% target, and 0.3 points below the eurozone average of 3.0%.
The breakdown shows core (excluding energy and food) at 2.5%, energy at 13.0%, food at -0.3% and services at 3.1%. The strongest pressure is in energy (13.0%), while food is the softest (-0.3%).
Month on month the headline eased from 3.9% to 2.7%, a step down from the month before.
Greece ranks number 20 of 30 European economies by annual inflation, from highest to lowest, between Austria and Finland.
Greece's harmonised inflation is 2.7% as of July 2026 — abovethe European Central Bank's 2% target by 0.7 percentage points.
Compare with the rest of Europe on the European inflation ranking →
Frequently asked questions
- What is Greece's current inflation rate?
- Greece's annual inflation rate, measured by the harmonised index of consumer prices (HICP), is 2.7% as of July 2026.
- Is Greece's inflation above or below the ECB's 2% target?
- At 2.7%, it is 0.7 percentage points above the European Central Bank's 2% target.
- How does Greece's inflation compare with the rest of Europe?
- Greece ranks number 20 of 30 European economies by inflation, 0.3 points below the eurozone average of 3.0%.
- Did Greece's inflation rise or fall last month?
- Month on month, the headline rate eased from 3.9% to 2.7% in July 2026.