Greece’s consumer price index flat in December

11 January 2017
146 Views

Greece’s annual headline consumer price index was unchanged at zero percent in December year-on-year, with the annual pace of deflation slowing sharply from -0.9 percent in November, statistics service data showed on Wednesday.

The data also showed the European Union-harmonized inflation rate turned positive in December at 0.3 percent from -0.2 percent in November.

Consumer prices were led higher by alcoholic beverages, tobacco, housing, hotels and transportation costs.

For years an inflation outlier in the eurozone, Greece has been in a protracted deflation mode since March 2013 based on its headline index, as wage and pension cuts and a multi-year recession took a heavy toll on Greek household incomes.

Deflation in Greece, which signed up to its first international bailout in 2010, hit its highest level in November 2013, when consumer prices registered a 2.9 percent year-on-year decline.

You may be interested

What is included in the F-16 deal between Greece and the US
FINANCE
shares65 views
FINANCE
shares65 views

What is included in the F-16 deal between Greece and the US

makis - Oct 18, 2017

The Defense Security Cooperation Agency (DSCA) released details on the deal for the upgrading of Greece’s F-16 fighter jet fleet…

Only 23% Greeks see economic growth in EU, survey shows
GREECE
shares65 views
GREECE
shares65 views

Only 23% Greeks see economic growth in EU, survey shows

makis - Oct 18, 2017

According to a European Parliament survey, Greeks are skeptical about joining the EU and its benefits, with only 23% believing…

Amazing footage of live fire exercise of the Greek Army!
GREECE
shares51 views
GREECE
shares51 views

Amazing footage of live fire exercise of the Greek Army!

makis - Oct 18, 2017

The Hellenic Army released a video of just one of its military activities. The live fire exercise was conducted in…

Leave a Comment

Your email address will not be published.