Inflation Greece 1994
Average inflation: 10.9%
Current Inflation
Inflation is very high at 10.9%, far above the ECB target.
Peak and Trough
The highest inflation was in July at 11.7%. The lowest inflation was in March at 10.0%.
- Highest month
- July: 11.7%
- Lowest month
- March: 10.0%
- Difference
- 1.7 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 13.2%. The lowest price increase was in Food and non-alcoholic beverages with an average of 13.2%.
- Highest increase
- Food and non-alcoholic beverages: 13.2%
- Lowest increase
- Food and non-alcoholic beverages: 13.2%
Historical Context
Current inflation is 5.3% lower than the 5-year average of 16.2%. This approaches the lowest level since records began (10.9% in 1994).
- 5-year average
- 16.2%
- 10-year average
- 16.7%
- All-time high (1981)
- 24.6%
- All-time low (1994)
- 10.9%
Trend
Inflation shows a downward trend. Compared to 1993, inflation has fallen by +3.6 percentage point.
- Change vs. previous year
- -3.6 percentage points
- Largest monthly swing
- March: -6.4 percentage points
ECB Target
Inflation is 8.9% 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 €110.90 next year at this inflation rate.
Multi-year trend
Monthly figures 1994
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1993 |
|---|---|---|
| January | 11.3% | -3.2 |
| February | 11.4% | -3.1 |
| March | 10.0% | -6.4 |
| April | 10.2% | -6.0 |
| May | 10.8% | -5.6 |
| June | 10.3% | -5.5 |
| July | 11.7% | -4.0 |
| August | 11.6% | -3.0 |
| September | 11.7% | -1.1 |
| October | 10.7% | -1.6 |
| November | 10.2% | -2.1 |
| December | 10.7% | -1.3 |
| Average | 10.9% |
Data source
Data from OECD. Last updated: 20/12/2025.