Inflation Greece 1983
Average inflation: 20.2%
Current Inflation
Inflation is very high at 20.2%, far above the ECB target.
Peak and Trough
The highest inflation was in March at 22.4%. The lowest inflation was in June at 18.1%.
- Highest month
- March: 22.4%
- Lowest month
- June: 18.1%
- Difference
- 4.3 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 18.1%. The lowest price increase was in Food and non-alcoholic beverages with an average of 18.1%.
- Highest increase
- Food and non-alcoholic beverages: 18.1%
- Lowest increase
- Food and non-alcoholic beverages: 18.1%
Historical Context
Current inflation is 1.7% lower than the 5-year average of 21.9%.
- 5-year average
- 21.9%
- 10-year average
- 18.8%
- All-time high (1974)
- 27.2%
- All-time low (1968)
- 0.2%
Trend
Inflation shows a downward trend. Compared to 1982, inflation has fallen by +0.8 percentage point.
- Change vs. previous year
- -0.8 percentage points
- Largest monthly swing
- June: -4.8 percentage points
ECB Target
Inflation is 18.2% 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 €120.20 next year at this inflation rate.
Multi-year trend
Monthly figures 1983
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1982 |
|---|---|---|
| January | 19.2% | -1.8 |
| February | 21.0% | +1.3 |
| March | 22.4% | +1.7 |
| April | 20.6% | -1.0 |
| May | 20.9% | -1.2 |
| June | 18.1% | -4.8 |
| July | 18.3% | -4.5 |
| August | 20.0% | -2.0 |
| September | 20.9% | +0.7 |
| October | 20.9% | +0.9 |
| November | 19.9% | 0.0 |
| December | 20.2% | +1.1 |
| Average | 20.2% |
Data source
Data from OECD. Last updated: 20/12/2025.