Inflation Greece 1966
Average inflation: 4.9%
Current Inflation
Inflation is high at 4.9%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 5.5%. The lowest inflation was in December at 3.4%.
- Highest month
- January: 5.5%
- Lowest month
- December: 3.4%
- Difference
- 2.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 5.6%. The lowest price increase was in Food and non-alcoholic beverages with an average of 5.6%.
- Highest increase
- Food and non-alcoholic beverages: 5.6%
- Lowest increase
- Food and non-alcoholic beverages: 5.6%
Historical Context
Current inflation is 2.6% higher than the 5-year average of 2.3%. This approaches the highest level since records began (4.9% in 1966).
- 5-year average
- 2.3%
- 10-year average
- 2.1%
- All-time high (1966)
- 4.9%
- All-time low (1962)
- -0.5%
Trend
Inflation shows an upward trend. Compared to 1965, inflation has risen by +1.7 percentage point.
- Change vs. previous year
- +1.7 percentage points
- Largest monthly swing
- April: +3.6 percentage points
ECB Target
Inflation is 2.9% 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 €104.90 next year at this inflation rate.
Multi-year trend
Monthly figures 1966
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1965 |
|---|---|---|
| January | 5.5% | +3.6 |
| February | 5.5% | +3.6 |
| March | 5.5% | +3.6 |
| April | 5.4% | +3.6 |
| May | 5.4% | +3.6 |
| June | 5.4% | +3.6 |
| July | 5.4% | +1.7 |
| August | 3.6% | -0.1 |
| September | 5.4% | +1.7 |
| October | 3.5% | -2.1 |
| November | 5.3% | -0.3 |
| December | 3.4% | -2.1 |
| Average | 4.9% |
Data source
Data from OECD. Last updated: 20/12/2025.