Inflation Greece 1973
Average inflation: 15.3%
Current Inflation
Inflation is very high at 15.3%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 31.0%. The lowest inflation was in January at 6.0%.
- Highest month
- December: 31.0%
- Lowest month
- January: 6.0%
- Difference
- 25.0 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 16.0%. The lowest price increase was in Food and non-alcoholic beverages with an average of 16.0%.
- Highest increase
- Food and non-alcoholic beverages: 16.0%
- Lowest increase
- Food and non-alcoholic beverages: 16.0%
Historical Context
Current inflation is 9.6% higher than the 5-year average of 5.7%. This approaches the highest level since records began (15.3% in 1973).
- 5-year average
- 5.7%
- 10-year average
- 3.9%
- All-time high (1973)
- 15.3%
- All-time low (1962)
- -0.5%
Trend
Inflation shows an upward trend. Compared to 1972, inflation has risen by +11.0 percentage point.
- Change vs. previous year
- +11.0 percentage points
- Largest monthly swing
- November: +25.9 percentage points
ECB Target
Inflation is 13.3% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €115.30 next year at this inflation rate.
Multi-year trend
Monthly figures 1973
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1972 |
|---|---|---|
| January | 6.0% | +2.9 |
| February | 7.6% | +4.5 |
| March | 9.0% | +5.9 |
| April | 7.2% | +2.7 |
| May | 10.1% | +7.1 |
| June | 13.0% | +8.5 |
| July | 11.8% | +7.2 |
| August | 14.9% | +10.2 |
| September | 19.1% | +14.5 |
| October | 23.2% | +17.0 |
| November | 30.4% | +25.9 |
| December | 31.0% | +25.0 |
| Average | 15.3% |
Data source
Data from OECD. Last updated: 20/12/2025.