Inflation Greece 1999
Average inflation: 2.6%
Current Inflation
Inflation is normal at 2.6%, around the ECB target.
Peak and Trough
The highest inflation was in January at 3.7%. The lowest inflation was in August at 2.0%.
- Highest month
- January: 3.7%
- Lowest month
- August: 2.0%
- 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 2.4%. The lowest price increase was in Food and non-alcoholic beverages with an average of 2.4%.
- Highest increase
- Food and non-alcoholic beverages: 2.4%
- Lowest increase
- Food and non-alcoholic beverages: 2.4%
Historical Context
Current inflation is 3.4% lower than the 5-year average of 6.0%. This approaches the lowest level since records began (2.6% in 1999).
- 5-year average
- 6%
- 10-year average
- 11.1%
- All-time high (1981)
- 24.6%
- All-time low (1999)
- 2.6%
Trend
Inflation shows a downward trend. Compared to 1998, inflation has fallen by +2.2 percentage point.
- Change vs. previous year
- -2.2 percentage points
- Largest monthly swing
- September: -3.2 percentage points
ECB Target
Inflation is 0.6% 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 €102.60 next year at this inflation rate.
Multi-year trend
Monthly figures 1999
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1998 |
|---|---|---|
| January | 3.7% | -0.7 |
| February | 3.7% | -0.6 |
| March | 3.4% | -1.2 |
| April | 2.8% | -2.5 |
| May | 2.4% | -2.9 |
| June | 2.1% | -3.1 |
| July | 2.1% | -3.0 |
| August | 2.0% | -3.0 |
| September | 2.0% | -3.2 |
| October | 2.2% | -2.5 |
| November | 2.6% | -1.6 |
| December | 2.7% | -1.2 |
| Average | 2.6% |
Data source
Data from OECD. Last updated: 20/12/2025.