Inflation Greece 1979
Average inflation: 19.0%
Current Inflation
Inflation is very high at 19.0%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 24.6%. The lowest inflation was in January at 14.8%.
- Highest month
- December: 24.6%
- Lowest month
- January: 14.8%
- Difference
- 9.8 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 18.8%. The lowest price increase was in Food and non-alcoholic beverages with an average of 18.8%.
- Highest increase
- Food and non-alcoholic beverages: 18.8%
- Lowest increase
- Food and non-alcoholic beverages: 18.8%
Historical Context
Current inflation is 4.9% higher than the 5-year average of 14.1%.
- 5-year average
- 14.1%
- 10-year average
- 12.3%
- All-time high (1974)
- 27.2%
- All-time low (1962)
- -0.5%
Trend
Inflation shows an upward trend. Compared to 1978, inflation has risen by +6.4 percentage point.
- Change vs. previous year
- +6.4 percentage points
- Largest monthly swing
- December: +12.8 percentage points
ECB Target
Inflation is 17.0% 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 €119.00 next year at this inflation rate.
Multi-year trend
Monthly figures 1979
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1978 |
|---|---|---|
| January | 14.8% | +0.8 |
| February | 15.6% | +2.4 |
| March | 16.5% | +2.8 |
| April | 16.1% | +2.7 |
| May | 16.7% | +4.2 |
| June | 18.2% | +4.4 |
| July | 20.5% | +8.7 |
| August | 20.8% | +8.8 |
| September | 20.2% | +7.8 |
| October | 21.7% | +10.3 |
| November | 22.6% | +11.3 |
| December | 24.6% | +12.8 |
| Average | 19.0% |
Data source
Data from OECD. Last updated: 20/12/2025.