Inflation Greece 1962
Average inflation: -0.5%
Inflation in 1962
There is deflation with consumer prices declining by 0.5%.
Peak and Trough
The highest inflation was in October at 1.9%. The lowest inflation was in January at -1.9%.
- Highest month
- October: 1.9%
- Lowest month
- January: -1.9%
- Difference
- 3.8 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 1.9 percentage points lower than the 5-year average of 1.4%.
- 5-year average
- 1.4%
- 10-year average
- 1.9%
- All-time high (1956)
- 3.7%
- All-time low (1962)
- -0.5%
Trend
Over the period 1960-1962, inflation shows a downward trend. Compared to 1961, inflation has fallen by 2.6 percentage points.
- Change vs. previous year
- -2.6 percentage points
- Largest monthly swing
- January: -5.8 percentage points
ECB Target
Inflation is 2.5 percentage points below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €99.50 next year at this inflation rate.
Multi-year trend
Monthly figures 1962
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1961 |
|---|---|---|
| January | -1.9% | -5.8 |
| February | -1.9% | -5.8 |
| March | -1.9% | -5.8 |
| April | 0.0% | -3.9 |
| May | -1.9% | -5.8 |
| June | -1.9% | -3.8 |
| July | 0.0% | -2.0 |
| August | 0.0% | -2.0 |
| September | 0.0% | 0.0 |
| October | 1.9% | +1.9 |
| November | 1.9% | +1.9 |
| December | 0.0% | 0.0 |
| Average | -0.5% |
Data source
Data from OECD. Last updated: 20/12/2025.