Inflation Greece 1977
Average inflation: 12.3%
Current Inflation
Inflation is very high at 12.3%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 13.7%. The lowest inflation was in March at 10.3%.
- Highest month
- October: 13.7%
- Lowest month
- March: 10.3%
- Difference
- 3.4 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 14.0%. The lowest price increase was in Food and non-alcoholic beverages with an average of 14.0%.
- Highest increase
- Food and non-alcoholic beverages: 14.0%
- Lowest increase
- Food and non-alcoholic beverages: 14.0%
Historical Context
Current inflation is 4.0% lower than the 5-year average of 16.3%.
- 5-year average
- 16.3%
- 10-year average
- 9.5%
- All-time high (1974)
- 27.2%
- All-time low (1962)
- -0.5%
Trend
Inflation shows a downward trend. Compared to 1976, inflation has fallen by +0.8 percentage point.
- Change vs. previous year
- -0.8 percentage points
- Largest monthly swing
- June: -3.5 percentage points
ECB Target
Inflation is 10.3% 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 €112.30 next year at this inflation rate.
Multi-year trend
Monthly figures 1977
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1976 |
|---|---|---|
| January | 11.5% | -2.5 |
| February | 11.5% | -2.5 |
| March | 10.3% | -3.2 |
| April | 11.8% | -1.6 |
| May | 12.5% | -1.8 |
| June | 11.5% | -3.5 |
| July | 13.4% | 0.0 |
| August | 13.6% | 0.0 |
| September | 12.4% | +0.2 |
| October | 13.7% | +2.7 |
| November | 13.5% | +2.7 |
| December | 12.5% | +1.0 |
| Average | 12.3% |
Data source
Data from OECD. Last updated: 20/12/2025.