Inflation Greece 1972
Average inflation: 4.3%
Current Inflation
Inflation is high at 4.3%, well above the ECB target.
Peak and Trough
The highest inflation was in October at 6.2%. The lowest inflation was in May at 3.0%.
- Highest month
- October: 6.2%
- Lowest month
- May: 3.0%
- 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 3.7%. The lowest price increase was in Food and non-alcoholic beverages with an average of 3.7%.
- Highest increase
- Food and non-alcoholic beverages: 3.7%
- Lowest increase
- Food and non-alcoholic beverages: 3.7%
Historical Context
Current inflation is 1.7% higher than the 5-year average of 2.6%.
- 5-year average
- 2.6%
- 10-year average
- 2.7%
- All-time high (1966)
- 4.9%
- All-time low (1962)
- -0.5%
Trend
Inflation shows an upward trend. Compared to 1971, inflation has risen by +1.0 percentage point.
- Change vs. previous year
- +1.0 percentage points
- Largest monthly swing
- October: +4.6 percentage points
ECB Target
Inflation is 2.3% 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 €104.30 next year at this inflation rate.
Multi-year trend
Monthly figures 1972
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1971 |
|---|---|---|
| January | 3.1% | -1.7 |
| February | 3.1% | -0.1 |
| March | 3.1% | -0.1 |
| April | 4.5% | +1.4 |
| May | 3.0% | -1.7 |
| June | 4.5% | +1.4 |
| July | 4.6% | +1.4 |
| August | 4.7% | +1.5 |
| September | 4.6% | +1.4 |
| October | 6.2% | +4.6 |
| November | 4.5% | +1.4 |
| December | 6.0% | +2.9 |
| Average | 4.3% |
Data source
Data from OECD. Last updated: 20/12/2025.