Inflation Greece 1970
Average inflation: 2.8%
Current Inflation
Inflation is normal at 2.8%, around the ECB target.
Peak and Trough
The highest inflation was in December at 4.8%. The lowest inflation was in January at 1.6%.
- Highest month
- December: 4.8%
- Lowest month
- January: 1.6%
- Difference
- 3.2 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 3.5%. The lowest price increase was in Food and non-alcoholic beverages with an average of 3.5%.
- Highest increase
- Food and non-alcoholic beverages: 3.5%
- Lowest increase
- Food and non-alcoholic beverages: 3.5%
Historical Context
Current inflation is around the 5-year average of 2.5%.
- 5-year average
- 2.5%
- 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 1969, inflation has risen by +0.2 percentage point.
- Change vs. previous year
- +0.2 percentage points
- Largest monthly swing
- December: +3.2 percentage points
ECB Target
Inflation is 0.8% 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 €102.80 next year at this inflation rate.
Multi-year trend
Monthly figures 1970
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1969 |
|---|---|---|
| January | 1.6% | -0.1 |
| February | 1.6% | -1.8 |
| March | 3.3% | +1.6 |
| April | 3.2% | -0.1 |
| May | 3.2% | -0.1 |
| June | 3.2% | -0.1 |
| July | 1.6% | -1.7 |
| August | 1.6% | -0.1 |
| September | 3.3% | +1.6 |
| October | 3.2% | -0.1 |
| November | 3.2% | -0.1 |
| December | 4.8% | +3.2 |
| Average | 2.8% |
Data source
Data from OECD. Last updated: 20/12/2025.