Inflation Greece 1989
Average inflation: 13.7%
Inflation in 1989
Inflation is very high at 13.7%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 14.8%. The lowest inflation was in June at 13.0%.
- Highest month
- December: 14.8%
- Lowest month
- June: 13.0%
- Difference
- 1.8 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 3.5 percentage points lower than the 5-year average of 17.2%.
- 5-year average
- 17.2%
- 10-year average
- 19.5%
- All-time high (1974)
- 27.2%
- All-time low (1970)
- 2.8%
Trend
Over the period 1987-1989, inflation shows a downward trend. Compared to 1988, inflation has risen by 0.2 percentage points.
- Change vs. previous year
- +0.2 percentage points
- Largest monthly swing
- June: +1.2 percentage points
ECB Target
Inflation is 11.7 percentage points 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 €113.70 next year at this inflation rate.
Multi-year trend
Monthly figures 1989
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1988 |
|---|---|---|
| January | 14.1% | -0.1 |
| February | 14.0% | +0.7 |
| March | 13.5% | +0.4 |
| April | 13.1% | +0.1 |
| May | 13.1% | +0.5 |
| June | 13.0% | +1.2 |
| July | 13.3% | +0.1 |
| August | 13.4% | -0.6 |
| September | 14.6% | -0.2 |
| October | 13.5% | -0.7 |
| November | 13.5% | -0.6 |
| December | 14.8% | +0.9 |
| Average | 13.7% |
Data source
Data from OECD. Last updated: 20/12/2025.