Annual Inflation Visualization (Greece)

Source: World Bank (1961-2023)

8.07% Historical average
27.21% Maximum recorded
-1.96% Minimum recorded
63 Years of data

Historical Inflation Calculator for Greece

Calculate how the value of money has changed between two specific years in Greece.

Future Value Estimation

Estimate how the value of an amount of money will change in the future, given an average inflation rate.

Past Value Estimation

Estimate what the equivalent value of an amount of money would have been in the past, given an average inflation rate.

Historical inflation data for Greece

Year Inflation (%) Change
2023 5.87% -0.62pp
2022 6.50% +5.10pp
2021 1.39% +1.76pp
2020 -0.36% -0.61pp
2019 0.24% +0.48pp
2018 -0.23% -0.44pp
2017 0.20% +0.69pp
2016 -0.49% -0.32pp
2015 -0.17% +1.75pp
2014 -1.92% +0.04pp
2013 -1.96% -1.63pp
2012 -0.33% -1.31pp
2011 0.98% -0.20pp
2010 1.18% -1.19pp
2009 2.37% -1.69pp
2008 4.06% +0.70pp
2007 3.37% +0.00pp
2006 3.36% +1.46pp
2005 1.90% -1.07pp
2004 2.97% -0.59pp
2003 3.56% +0.60pp
2002 2.95% -0.52pp
2001 3.47% +1.85pp
2000 1.62% -1.89pp
1999 3.51% -1.77pp
1998 5.28% -1.34pp
1997 6.62% -1.58pp
1996 8.20% -1.59pp
1995 9.79% -1.39pp
1994 11.18% -3.25pp
1993 14.43% -0.37pp
1992 14.80% -4.99pp
1991 19.79% -0.90pp
1990 20.69% +6.19pp
1989 14.50% -2.18pp
1988 16.68% +1.43pp
1987 15.25% -3.63pp
1986 18.88% -0.14pp
1985 19.03% -2.89pp
1984 21.92% +1.31pp
1983 20.61% -6.60pp
1982 27.21% +5.60pp
1981 21.61% +2.37pp
1980 19.24% -0.91pp
1979 20.15% +6.36pp
1978 13.79% +0.03pp
1977 13.75% -2.68pp
1976 16.43% +3.31pp
1975 13.12% -9.66pp
1974 22.78% +1.87pp
1973 20.91% +15.86pp
1972 5.05% +2.07pp
1971 2.98% -0.82pp
1970 3.80% +0.62pp
1969 3.18% +1.70pp
1968 1.48% -0.69pp
1967 2.17% -2.75pp
1966 4.92% +0.84pp
1965 4.08% +0.67pp
1964 3.41% +2.29pp
1963 1.11% -3.58pp
1962 4.69% +3.59pp
1961 1.10% -

About Greece inflation

Greece inflation measures the annual percentage change in the general level of consumer prices. This indicator is essential to understand how the purchasing power of money varies over time. Our Greece inflation calculator allows you to visualize these changes and calculate monetary equivalences between different years.

What is inflation?

Inflation is the sustained and generalized increase in the price level of goods and services in an economy over a period of time. When inflation rises, each monetary unit buys fewer products. The inflation rate is generally measured by the Consumer Price Index (CPI), which reflects changes in the cost of a representative basket of goods and services.

How to use this inflation calculator?

Our Greece inflation calculator offers three tools: 1) Historical calculator: enter a value and select two years to see how purchasing power has changed. 2) Future value: estimate what your money will be worth in the future with a projected inflation rate. 3) Past value: calculate the equivalent of a current amount in the past.

Data provided by the World Bank (World Bank Open Data). Data is updated annually.

Frequently Asked Questions

What is the current inflation in Greece?
According to the latest available World Bank data, Greece inflation in 2023 was 5.87%. This inflation rate represents the annual percentage change in the consumer price index (CPI).
How to calculate cumulative inflation in Greece?
To calculate cumulative inflation in Greece, use our historical calculator. Enter an initial value, select the start year and end year. The calculator will multiply the value by each year's inflation factors to give you the equivalent value and total cumulative inflation in percentage.
What was the highest inflation recorded in Greece?
You can check Greece's historical inflation in the chart and table on this page. The data shows the evolution of the annual inflation rate from 1961 to 2023, allowing you to identify periods of highest and lowest inflation.
How does inflation affect purchasing power?
Inflation reduces the purchasing power of money over time. For example, if inflation is 3% per year, what costs $100 today will cost $103 next year. Our inflation calculator helps you visualize exactly how much the real value of your money has changed in Greece.
What is the historical average inflation in Greece?
The historical average inflation in Greece can be calculated with the data on this page. Check the statistics in the chart section where we show the historical average, as well as the maximum and minimum values recorded during the period 1961-2023.
What is the CPI and how does it relate to inflation?
The CPI (Consumer Price Index) is an indicator that measures the price variation of a basket of goods and services representative of household consumption. The inflation rate is calculated as the percentage change in the CPI between two periods. Our Greece inflation data is based on the official CPI.