Gyronomics.
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The pita gyro in 1976

Gyro price, net minimum wage and purchasing power for 1976, with its calculation and sources. Visitor reports are shown separately for comparison.

Index · classic gyros / month

314

Using the model's product rescaling

Wage · monthly equivalent

15.70 €

in 2026 prices: 704.72 €

Gross minimum by month: Jan-Feb €13.35, Mar-Jun €14.69, Jul-Dec €15.62. Year mean €14.93. After contributions, before income tax. Annual income divided by 12, using 14 payments throughout the series. Wage and contributions are twelve-month means. Purchasing power in classic gyros.

Minimum Wage: payments, contributions and the reconstruction comparison

The same wage, two comparisons

Period gyros

Price per gyro
0.025 €
With the net minimum wage / month
628

Series range: 0.016 € – 0.034 € · 9 GRD

The wrap of the period, at the historical series price. The price may be documented or estimated, as explained in the year’s sources.

Range from price bounds: 462–981 period gyros/month

How is it calculated?

Base series · period gyros/month · scenario start 1998

15.70 € ÷ 0.025 € ≈ 628 period gyros/month

After contributions, before income tax. Annual income divided by 12, using 14 payments throughout the series. Wage and contributions are twelve-month means. Purchasing power in period gyros.

The quotient is rounded to a whole number.

Only the price varies within its published bounds. Wage and composition stay fixed. This is neither a total uncertainty range nor a statistical confidence interval. Bounds come from the model's selected percentage band.

Backcast

Calculated backwards from a later anchor using CPI. The separate source entry for this year is retained, but is not used to calculate the series price.

Anchors used by the calculation: 1977

The era view applies no meat-weight or composition rescaling to a classic product.

What do the sources support?

D: Interpolated inside the price-control era, or projected outside the documented range

Categories describe how the price enters the model. They do not certify original-source verification, representative sampling or historical product composition.

Price, date, place, compositionOriginal sources for the yearFrom source to price
Selected-series data · 2026.10.10-monthly-bulletin

Classic gyros

Price per gyro
0.050 €
With the net minimum wage / month
314

Rescaled to a common reference product with 88 g of gyro meat and fries. A calculated price, not a second observed shop price.

Range from price bounds: 231–491 classic gyros/month

How is it calculated?

Base series · classic gyros/month · scenario start 1998

15.70 € ÷ 0.050 € ≈ 314 classic gyros/month

After contributions, before income tax. Annual income divided by 12, using 14 payments throughout the series. Wage and contributions are twelve-month means. Purchasing power in classic gyros.

The quotient is rounded to a whole number.

Only the price varies within its published bounds. Wage and composition stay fixed. This is neither a total uncertainty range nor a statistical confidence interval. Bounds come from the model's selected percentage band.

Backcast

Calculated backwards from a later anchor using CPI. The separate source entry for this year is retained, but is not used to calculate the series price.

Anchors used by the calculation: 1977

Product rescaling

0.025 € × 2.012 ≈ 0.050 €

Model / reference grams:
38 / 88
Meat-component weight:
70%
Fries input in the composition component:
0%
Non-meat base / meat-component cap:
0.65 / 1.35

Historical meat weights and changes in composition are model assumptions, not a series of market measurements. The assumed peak and decline in portion size need verification. The present-day weight defines the reference product. The era price refers to the wrap sold at the time; the classic price and weight-adjusted index depend on these assumptions.

What do the sources support?

D: Interpolated inside the price-control era, or projected outside the documented range

Categories describe how the price enters the model. They do not certify original-source verification, representative sampling or historical product composition.

Price, date, place, compositionOriginal sources for the yearFrom source to price
Selected-series data · 2026.10.10-monthly-bulletin

Both prices are expressed in money of the same year. Classic rescaling adjusts composition, not inflation.

What does the comparison assume?

Historical meat weights and changes in composition are model assumptions, not a series of market measurements. The assumed peak and decline in portion size need verification. The present-day weight defines the reference product. The era price refers to the wrap sold at the time; the classic price and weight-adjusted index depend on these assumptions.

Compare 1976 with another year

Period and classic gyro prices, wage and purchasing power, with downloadable image and CSV.

Compare: 1976 → 2026

Which findings hold up?

We combine 2 wage bases, 4 historical-price choices and 7 composition specifications across 50 completed years, 1976–2025.

Counts are not probabilities. Payroll reconstruction remains under review. Portion scenarios are not measurements; geography and sale channel stay fixed.

Period gyros

8 distinct combinations. Portion assumptions do not affect this measure.

1976 rank: 16–16 out of 50 years.

Rank one is the highest purchasing power. Published baseline: rank 16.

Minimum–maximum across cases: ≈628–631 per month.

Extremes of the selected specifications, not an uncertainty interval. Ranks precede rounding of displayed counts.

Separate and joint peak tests
Peak years by test family
VaryCasesPeak years
Prices only41982, 1984
Wage only21982
Composition only11982
Joint81982, 1984

Separate tests keep other assumptions at the published baseline. Groups overlap and must not be added together.

One example combination for each peak year

  • 1982: Published income · Published baseline
  • 1984: Published income · Without the 1983 price

Classic equivalents

56 distinct combinations.

1976 rank: 16–46 out of 50 years.

Rank one is the highest purchasing power. Published baseline: rank 40.

Minimum–maximum across cases: ≈275–564 per month.

Extremes of the selected specifications, not an uncertainty interval. Ranks precede rounding of displayed counts.

Separate and joint peak tests
Peak years by test family
VaryCasesPeak years
Prices only41985, 1989
Wage only21989
Composition only71982, 1985, 1989
Joint561982, 1984, 1985, 1989

Separate tests keep other assumptions at the published baseline. Groups overlap and must not be added together.

One example combination for each peak year

  • 1982: Published income · Published baseline · Reference meat weight in every year
  • 1984: Published income · Without the 1983 price · Reference meat weight in every year
  • 1985: Published income · Published baseline · Historical meat -20%
  • 1989: Published income · Published baseline · Baseline composition
Specifications and how to verify the result

Wage

  • Published income
  • Payroll reconstruction under review

Price

  • Published baseline
  • Without the 1983 price
  • Without the 1984 price
  • Without either price

Composition

  • Baseline composition
  • Historical meat -20%
  • Historical meat +20%
  • Reference meat weight in every year
  • Meat value share 50%
  • Meat value share 90%
  • No non-meat composition gap

JSON includes parameters, inputs, public citations and every case by year. CSV contains the same calculations. With Node 24, the standalone program checks the arithmetic without packages, network or private repository access. Arithmetic reproduction does not certify historical sources.

node reproduce-joint-v1.mjs joint-robustness-2026-09-14.json
JSONCSVReproduction program

joint-robustness-v1 · 2026.09.26-mean-wage-source

Source and product testsWage-basis evidence

Where this figure comes from

Backcast. Calculated backwards from a later anchor using CPI. The separate source entry for this year is retained, but is not used to calculate the series price.

The era price is an input or calculation in the series. Comparison in classic gyros adds assumptions about weight and composition.

What the sources supportFollow the price calculation
DInterpolated inside the price-control era, or projected outside the documented rangeWage: 12 A / 0 B monthsNo fries insideSkewer (estimate): 0.02 €

Categories describe how the price enters the model. They do not certify original-source verification, representative sampling or historical product composition.

Detailed evidence and calculation

What is supported for this year

We examine price, date, place and product composition separately. Evidence for the price does not establish historical meat weights.

The detailed year review is pending. This does not mean no sources exist.

Price
Sources and the calculation are shown below. A separate review of these dimensions has not yet been completed for this year.
Date
A separate check of publication date and observation date has not yet been completed here.
Geography
A separate review of geographical coverage and adjustments has not yet been completed here.
Composition
Historical meat weights and changes in composition are model assumptions, not a series of market measurements. The assumed peak and decline in portion size need verification. The present-day weight defines the reference product. The era price refers to the wrap sold at the time; the classic price and weight-adjusted index depend on these assumptions.
See sources for this year

From source to series price

A source entry is not always the final price. These are the inputs retained by the model, without implying fresh verification of the original.

  1. 1. Amount before rescaling

    0.022 €

    The recorded original amount before any rescaling. It may be a regulated ceiling or composite input, not an individual purchase.

  2. 2. Model input

    0.023 €

    Market price of 8 GRD, as recorded by the report itself ("the prices formed by the various establishments... were eight drachmas"). The ministerial order of 24 Oct 1976 set a ceiling of 7.50 GRD, that is below the market.

  3. 3. Period price in the series

    0.025 €

    The final price used for period purchasing power. Classic composition rescaling is a separate subsequent step.

In some years an anchor constrains the range rather than replacing the calculated price. Historical amounts use the fixed drachma-to-euro conversion, without inflation adjustment.

Sources and limitations for this year

How the number is produced

Every figure with the formula that produces it and its source. Nothing is written by hand.

The wage

Gross, per payment
14.93 €
Gross in drachmas
5,088.167 GRD
Employee contributions
9.88%
Net, per payment
netPerPayment = gross × (1 − contributionRate)13.46 €
Payments per year
14
Net, on a 12-month basis
netEur = netPerPayment × payments ÷ 1215.70 €

Gyronomics - monthly wage and contribution register 1976–1993

The year's legal act: Arbitration award 10/1976 (Gazette B 671/20.5.1976) - statutory wage floorThe series wage is the 12-month mean of the monthly register, not the amount in the act. The year's act is one of the sources of the register's months.

The price

Price(derived)
0.025 €
In drachmas
9 GRD
Uncertainty range(−36.00% / +36.00%)
0.016 € - 0.034 €
Method
backcast-general-cpi-from-1977

Bank of Greece / ELSTAT - Consumer Price Index

The index

Index
index = round(netSalary / pitaPrice)628
Change vs previous year
+0
In the hypothetical scenario(general)
628
Wage in today's prices
real = net × (CPI_2026 / CPI_year)704.72 €

How to cite it

Every figure above carries the formula that produces it and its source.

Rescaling scenario: Base series (anchors, estimates and derived prices)

Sources for this year

Citations

Reproduce this calculationWrapped pita gyro

The series wage is the 12-month mean of the monthly register, not the amount in the act. The year's act is one of the sources of the register's months.

Evidence and open questions

Menus, reports and regulations document contemporary prices and specifications. Market prices remain distinct from regulated prices. Open questions and hypothetical comparisons do not automatically change the index.

View sources, comparisons and limitations

What the contemporary press reported

Heraklion: reported price at Nikos Sfantos’s bar

Πατρίς ·

Issue 9088, p. 2, reporter’s column, short item about Psaradika.

Reported gyro souvlaki price, bread format unspecified
7.5 GRD

The report names a shop and a selling price. It does not identify pita versus bread or give a weight. The issue date does not establish the observation day. This is not an annual or nationwide mean.

Needed: a menu or advertisement from the same shop identifying the serving format.

Supporting evidence. Not used directly as an annual price.

Open the original
Evidence, classifications and provenance (JSON)
Download evidence and limitations (JSON)
Explore composition assumptions for this year

Visitor reports

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Visitor reports are an independent comparison layer and do not affect the index.