Inflation Greece 1971
Average inflation: 3.3%
Inflation in 1971
Inflation is high at 3.3%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 4.8%. The lowest inflation was in October at 1.6%.
- Highest month
- January: 4.8%
- Lowest month
- October: 1.6%
- Difference
- 3.2 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 1.1 percentage points higher than the 5-year average of 2.2%.
- 5-year average
- 2.2%
- 10-year average
- 2.2%
- All-time high (1966)
- 4.9%
- All-time low (1962)
- -0.5%
Trend
Over the period 1969-1971, inflation has remained relatively stable. Compared to 1970, inflation has risen by 0.5 percentage points.
- Change vs. previous year
- +0.5 percentage points
- Largest monthly swing
- January: +3.2 percentage points
ECB Target
Inflation is 1.3 percentage points 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 €103.30 next year at this inflation rate.
Multi-year trend
Monthly figures 1971
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1970 |
|---|---|---|
| January | 4.8% | +3.2 |
| February | 3.2% | +1.6 |
| March | 3.2% | -0.1 |
| April | 3.1% | -0.1 |
| May | 4.7% | +1.5 |
| June | 3.1% | -0.1 |
| July | 3.2% | +1.6 |
| August | 3.2% | +1.6 |
| September | 3.2% | -0.1 |
| October | 1.6% | -1.6 |
| November | 3.1% | -0.1 |
| December | 3.1% | -1.7 |
| Average | 3.3% |
Data source
Data from OECD. Last updated: 20/12/2025.