Inflation Greece 1976
Average inflation: 13.1%
Current Inflation
Inflation is very high at 13.1%, far above the ECB target.
Peak and Trough
The highest inflation was in June at 15.0%. The lowest inflation was in November at 10.8%.
- Highest month
- June: 15.0%
- Lowest month
- November: 10.8%
- Difference
- 4.2 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 13.8%. The lowest price increase was in Food and non-alcoholic beverages with an average of 13.8%.
- Highest increase
- Food and non-alcoholic beverages: 13.8%
- Lowest increase
- Food and non-alcoholic beverages: 13.8%
Historical Context
Current inflation is 1.6% lower than the 5-year average of 14.7%.
- 5-year average
- 14.7%
- 10-year average
- 8.4%
- All-time high (1974)
- 27.2%
- All-time low (1962)
- -0.5%
Trend
Inflation shows a downward trend. Compared to 1975, inflation has fallen by +0.5 percentage point.
- Change vs. previous year
- -0.5 percentage points
- Largest monthly swing
- October: -4.7 percentage points
ECB Target
Inflation is 11.1% 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 €113.10 next year at this inflation rate.
Multi-year trend
Monthly figures 1976
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1975 |
|---|---|---|
| January | 14.0% | +1.4 |
| February | 14.0% | +0.2 |
| March | 13.5% | -0.9 |
| April | 13.4% | -0.9 |
| May | 14.3% | +2.3 |
| June | 15.0% | +3.1 |
| July | 13.4% | +2.5 |
| August | 13.6% | +1.4 |
| September | 12.2% | -1.7 |
| October | 11.0% | -4.7 |
| November | 10.8% | -4.6 |
| December | 11.5% | -4.7 |
| Average | 13.1% |
Data source
Data from OECD. Last updated: 20/12/2025.