structural:expansion
EU countries

The inflation rate of Greece was negative during three years from 2013 to 2015. The same applies to Bulgaria, Cyprus, Spain, and Slovakia from 2014 to 2016. Greece, Cyprus, Spain, and Slovakia are members of the European monetary union. The Bulgarian currency, the lev, is pegged to the Euro with a fixed exchange rate. In the entire European Union and the Eurozone, a disinflationary development was to be observed in the years 2011 to 2015.

Table: Harmonised index of consumer prices. Annual average rate of change (%) (HICP inflation rate). Negative values are highlighted in colour.