Inflation Greece 1997
Average inflation: 5.5%
Current Inflation
Inflation is very high at 5.5%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 6.8%. The lowest inflation was in October at 4.7%.
- Highest month
- January: 6.8%
- Lowest month
- October: 4.7%
- Difference
- 2.1 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 4.2%. The lowest price increase was in Food and non-alcoholic beverages with an average of 4.2%.
- Highest increase
- Food and non-alcoholic beverages: 4.2%
- Lowest increase
- Food and non-alcoholic beverages: 4.2%
Historical Context
Current inflation is 4.1% lower than the 5-year average of 9.6%. This approaches the lowest level since records began (5.5% in 1997).
- 5-year average
- 9.6%
- 10-year average
- 13.1%
- All-time high (1981)
- 24.6%
- All-time low (1997)
- 5.5%
Trend
Inflation shows a downward trend. Compared to 1996, inflation has fallen by +2.7 percentage point.
- Change vs. previous year
- -2.7 percentage points
- Largest monthly swing
- October: -3.3 percentage points
ECB Target
Inflation is 3.5% 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 €105.50 next year at this inflation rate.
Multi-year trend
Monthly figures 1997
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1996 |
|---|---|---|
| January | 6.8% | -1.6 |
| February | 6.6% | -1.9 |
| March | 6.0% | -2.8 |
| April | 5.9% | -2.9 |
| May | 5.4% | -3.3 |
| June | 5.5% | -2.9 |
| July | 5.4% | -2.8 |
| August | 5.6% | -2.4 |
| September | 4.9% | -3.0 |
| October | 4.7% | -3.3 |
| November | 5.1% | -2.4 |
| December | 4.7% | -2.6 |
| Average | 5.5% |
Data source
Data from OECD. Last updated: 20/12/2025.