Inflation Greece 1998
Average inflation: 4.8%
Current Inflation
Inflation is high at 4.8%, well above the ECB target.
Peak and Trough
The highest inflation was in April at 5.3%. The lowest inflation was in December at 3.9%.
- Highest month
- April: 5.3%
- Lowest month
- December: 3.9%
- Difference
- 1.4 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 4.4%. The lowest price increase was in Food and non-alcoholic beverages with an average of 4.4%.
- Highest increase
- Food and non-alcoholic beverages: 4.4%
- Lowest increase
- Food and non-alcoholic beverages: 4.4%
Historical Context
Current inflation is 2.9% lower than the 5-year average of 7.7%. This approaches the lowest level since records began (4.8% in 1998).
- 5-year average
- 7.7%
- 10-year average
- 12.2%
- All-time high (1981)
- 24.6%
- All-time low (1998)
- 4.8%
Trend
Inflation shows a downward trend. Compared to 1997, inflation has fallen by +0.7 percentage point.
- Change vs. previous year
- -0.7 percentage points
- Largest monthly swing
- January: -2.4 percentage points
ECB Target
Inflation is 2.8% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.80 next year at this inflation rate.
Multi-year trend
Monthly figures 1998
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1997 |
|---|---|---|
| January | 4.4% | -2.4 |
| February | 4.3% | -2.3 |
| March | 4.6% | -1.4 |
| April | 5.3% | -0.6 |
| May | 5.3% | -0.1 |
| June | 5.2% | -0.3 |
| July | 5.1% | -0.3 |
| August | 5.0% | -0.6 |
| September | 5.2% | +0.3 |
| October | 4.7% | 0.0 |
| November | 4.2% | -0.9 |
| December | 3.9% | -0.8 |
| Average | 4.8% |
Data source
Data from OECD. Last updated: 20/12/2025.