Inflation Greece 1980
Average inflation: 24.6%
Current Inflation
Inflation is very high at 24.6%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 26.3%. The lowest inflation was in March at 23.4%.
- Highest month
- December: 26.3%
- Lowest month
- March: 23.4%
- Difference
- 2.9 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 27.5%. The lowest price increase was in Food and non-alcoholic beverages with an average of 27.5%.
- Highest increase
- Food and non-alcoholic beverages: 27.5%
- Lowest increase
- Food and non-alcoholic beverages: 27.5%
Historical Context
Current inflation is 8.3% higher than the 5-year average of 16.3%. This approaches the highest level since records began (27.2% in 1974).
- 5-year average
- 16.3%
- 10-year average
- 14.5%
- All-time high (1974)
- 27.2%
- All-time low (1962)
- -0.5%
Trend
Inflation shows an upward trend. Compared to 1979, inflation has risen by +5.6 percentage point.
- Change vs. previous year
- +5.6 percentage points
- Largest monthly swing
- April: +9.0 percentage points
ECB Target
Inflation is 22.6% 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 €124.60 next year at this inflation rate.
Multi-year trend
Monthly figures 1980
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1979 |
|---|---|---|
| January | 23.6% | +8.8 |
| February | 23.6% | +8.0 |
| March | 23.4% | +6.9 |
| April | 25.1% | +9.0 |
| May | 25.4% | +8.7 |
| June | 25.1% | +6.9 |
| July | 24.2% | +3.7 |
| August | 24.0% | +3.2 |
| September | 24.5% | +4.3 |
| October | 24.3% | +2.6 |
| November | 26.2% | +3.6 |
| December | 26.3% | +1.7 |
| Average | 24.6% |
Data source
Data from OECD. Last updated: 20/12/2025.