From 482 Gyros in 1985 to 165 in 2026: How Greece’s Minimum Wage Lost Purchasing Power
https://www.dnews.gr/eidhseis/news-in-english/605596/from-482-gyros-in-1985-to-165-in-2026-how-greece-s-minimum-wage-lost-purchasing-power
Posted by galaxycarpet
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Interesting informal purchasing-power index for Greece using pita gyros as the unit of account.
Key figures (net minimum wage):
* 1985: ~482 gyros/month
* Peak 1998: 597
* 2026: 165
The project constructs a long series using historical wage data, documented gyro prices where available, and CPI adjustments (restaurants & cafés / general) for missing years. Recent years show gyro prices rising significantly faster than the minimum wage.
Full methodology, year-by-year data, reliability notes and sources here: [https://gyronomics.lovable.app/en](https://gyronomics.lovable.app/en)
Curious how this compares to other single-good or Big-Mac-style indices for countries that went through large relative price shifts (euro adoption, debt crisis, etc.).