Inflation Greece 1974
Average inflation: 27.2%
Inflation in 1974
Inflation is very high at 27.2%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 33.8%. The lowest inflation was in December at 12.9%.
- Highest month
- January: 33.8%
- Lowest month
- December: 12.9%
- Difference
- 20.9 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 16.6 percentage points higher than the 5-year average of 10.6%. This approaches the highest level since records began (27.2% in 1974).
- 5-year average
- 10.6%
- 10-year average
- 6.6%
- All-time high (1974)
- 27.2%
- All-time low (1962)
- -0.5%
Trend
Over the period 1972-1974, inflation shows an upward trend. Compared to 1973, inflation has risen by 11.9 percentage points.
- Change vs. previous year
- +11.9 percentage points
- Largest monthly swing
- January: +27.8 percentage points
ECB Target
Inflation is 25.2 percentage points 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 €127.20 next year at this inflation rate.
Multi-year trend
Monthly figures 1974
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1973 |
|---|---|---|
| January | 33.8% | +27.8 |
| February | 32.4% | +24.8 |
| March | 32.9% | +23.9 |
| April | 32.4% | +25.2 |
| May | 31.6% | +21.5 |
| June | 29.5% | +16.5 |
| July | 32.9% | +21.1 |
| August | 27.3% | +12.4 |
| September | 24.7% | +5.6 |
| October | 20.0% | -3.2 |
| November | 15.6% | -14.8 |
| December | 12.9% | -18.1 |
| Average | 27.2% |
Data source
Data from OECD. Last updated: 20/12/2025.