Inflation Greece 1988
Average inflation: 13.5%
Current Inflation
Inflation is very high at 13.5%, far above the ECB target.
Peak and Trough
The highest inflation was in September at 14.8%. The lowest inflation was in June at 11.8%.
- Highest month
- September: 14.8%
- Lowest month
- June: 11.8%
- Difference
- 3.0 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 11.1%. The lowest price increase was in Food and non-alcoholic beverages with an average of 11.1%.
- Highest increase
- Food and non-alcoholic beverages: 11.1%
- Lowest increase
- Food and non-alcoholic beverages: 11.1%
Historical Context
Current inflation is 4.7% lower than the 5-year average of 18.2%.
- 5-year average
- 18.2%
- 10-year average
- 20%
- All-time high (1974)
- 27.2%
- All-time low (1969)
- 2.6%
Trend
Inflation shows a downward trend. Compared to 1987, inflation has fallen by +2.9 percentage point.
- Change vs. previous year
- -2.9 percentage points
- Largest monthly swing
- June: -6.2 percentage points
ECB Target
Inflation is 11.5% 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 €113.50 next year at this inflation rate.
Multi-year trend
Monthly figures 1988
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1987 |
|---|---|---|
| January | 14.2% | -1.4 |
| February | 13.3% | -3.5 |
| March | 13.1% | -3.8 |
| April | 13.0% | -4.6 |
| May | 12.6% | -5.1 |
| June | 11.8% | -6.2 |
| July | 13.2% | -3.7 |
| August | 14.0% | -2.5 |
| September | 14.8% | +0.1 |
| October | 14.2% | -1.0 |
| November | 14.1% | -1.2 |
| December | 13.9% | -1.9 |
| Average | 13.5% |
Data source
Data from OECD. Last updated: 20/12/2025.