Inflation Greece 1984
Average inflation: 18.5%
Current Inflation
Inflation is very high at 18.5%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 20.1%. The lowest inflation was in March at 17.6%.
- Highest month
- January: 20.1%
- Lowest month
- March: 17.6%
- Difference
- 2.5 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 18.3%. The lowest price increase was in Food and non-alcoholic beverages with an average of 18.3%.
- Highest increase
- Food and non-alcoholic beverages: 18.3%
- Lowest increase
- Food and non-alcoholic beverages: 18.3%
Historical Context
Current inflation is 3.3% lower than the 5-year average of 21.8%.
- 5-year average
- 21.8%
- 10-year average
- 17.9%
- All-time high (1974)
- 27.2%
- All-time low (1968)
- 0.2%
Trend
Inflation shows a downward trend. Compared to 1983, inflation has fallen by +1.7 percentage point.
- Change vs. previous year
- -1.7 percentage points
- Largest monthly swing
- March: -4.8 percentage points
ECB Target
Inflation is 16.5% 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 €118.50 next year at this inflation rate.
Multi-year trend
Monthly figures 1984
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1983 |
|---|---|---|
| January | 20.1% | +0.9 |
| February | 19.1% | -1.9 |
| March | 17.6% | -4.8 |
| April | 18.0% | -2.6 |
| May | 17.7% | -3.2 |
| June | 19.2% | +1.1 |
| July | 19.4% | +1.1 |
| August | 18.8% | -1.2 |
| September | 17.9% | -3.0 |
| October | 17.9% | -3.0 |
| November | 17.9% | -2.0 |
| December | 18.0% | -2.2 |
| Average | 18.5% |
Data source
Data from OECD. Last updated: 20/12/2025.