Inflation Greece 1996
Average inflation: 8.2%
Current Inflation
Inflation is very high at 8.2%, far above the ECB target.
Peak and Trough
The highest inflation was in March at 8.8%. The lowest inflation was in December at 7.3%.
- Highest month
- March: 8.8%
- Lowest month
- December: 7.3%
- Difference
- 1.5 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 7.0%. The lowest price increase was in Food and non-alcoholic beverages with an average of 7.0%.
- Highest increase
- Food and non-alcoholic beverages: 7.0%
- Lowest increase
- Food and non-alcoholic beverages: 7.0%
Historical Context
Current inflation is 3.5% lower than the 5-year average of 11.7%. This approaches the lowest level since records began (8.2% in 1996).
- 5-year average
- 11.7%
- 10-year average
- 14.2%
- All-time high (1981)
- 24.6%
- All-time low (1996)
- 8.2%
Trend
Inflation shows a downward trend. Compared to 1995, inflation has fallen by +0.8 percentage point.
- Change vs. previous year
- -0.8 percentage points
- Largest monthly swing
- January: -2.3 percentage points
ECB Target
Inflation is 6.2% 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 €108.20 next year at this inflation rate.
Multi-year trend
Monthly figures 1996
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1995 |
|---|---|---|
| January | 8.4% | -2.3 |
| February | 8.5% | -1.5 |
| March | 8.8% | -1.1 |
| April | 8.8% | -0.6 |
| May | 8.7% | -1.0 |
| June | 8.4% | -1.1 |
| July | 8.2% | -0.3 |
| August | 8.0% | -0.3 |
| September | 7.9% | -0.1 |
| October | 8.0% | +0.2 |
| November | 7.5% | -0.3 |
| December | 7.3% | -0.6 |
| Average | 8.2% |
Data source
Data from OECD. Last updated: 20/12/2025.