Inflation Greece 1978
Average inflation: 12.6%
Current Inflation
Inflation is very high at 12.6%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 14.0%. The lowest inflation was in November at 11.3%.
- Highest month
- January: 14.0%
- Lowest month
- November: 11.3%
- Difference
- 2.7 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 14.4%. The lowest price increase was in Food and non-alcoholic beverages with an average of 14.4%.
- Highest increase
- Food and non-alcoholic beverages: 14.4%
- Lowest increase
- Food and non-alcoholic beverages: 14.4%
Historical Context
Current inflation is 3.2% lower than the 5-year average of 15.8%.
- 5-year average
- 15.8%
- 10-year average
- 10.7%
- All-time high (1974)
- 27.2%
- All-time low (1962)
- -0.5%
Trend
Inflation has remained relatively stable. Compared to 1977, the difference is minimal (+0.3 percentage point).
- Change vs. previous year
- +0.3 percentage points
- Largest monthly swing
- March: +3.4 percentage points
ECB Target
Inflation is 10.6% 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 €112.60 next year at this inflation rate.
Multi-year trend
Monthly figures 1978
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1977 |
|---|---|---|
| January | 14.0% | +2.5 |
| February | 13.2% | +1.7 |
| March | 13.7% | +3.4 |
| April | 13.4% | +1.6 |
| May | 12.5% | 0.0 |
| June | 13.8% | +2.3 |
| July | 11.8% | -1.6 |
| August | 12.0% | -1.6 |
| September | 12.4% | 0.0 |
| October | 11.4% | -2.3 |
| November | 11.3% | -2.2 |
| December | 11.8% | -0.7 |
| Average | 12.6% |
Data source
Data from OECD. Last updated: 20/12/2025.