FX.co ★ Greek Inflation Ticks Higher in February as HICP Climbs to 3.1%

Greece’s Harmonised Index of Consumer Prices (HICP) accelerated in February 2026, with annual inflation edging up to 3.1% year-on-year, compared with 2.9% in January 2026. The figures, updated on 10 March 2026, indicate a modest strengthening of price pressures in the Greek economy.

The HICP readings are based on year-over-year comparisons, with the current figure measuring the change in prices in February 2026 relative to February 2025, while January’s 2.9% reflected the change versus January 2025. The uptick suggests that inflationary dynamics remain persistent, keeping Greece slightly above the European Central Bank’s medium‑term target and maintaining pressure on household purchasing power and business costs.

Although the increase is marginal, the move from 2.9% to 3.1% will be closely watched by policymakers and market participants as they assess the trajectory of inflation in Greece and its implications for monetary conditions and economic growth in the months ahead.