Greece’s consumer price index flat in December
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
The archaeological site of SounioPanos - Feb 16, 2018
The temple of Poseidon, the ancient Greek god of the sea, dominates the southernmost tip of Attica, where the horizon…
Greece: The 12 faces of beauty!Panos - Feb 16, 2018
Greece is one of the most beautiful countries in the world. Each place is in itself a special world teeming…
Hahn ‘confident’ Macedonia name row settled by JulyPanos - Feb 16, 2018
The European Union is “very confident” Macedonia will settle a long-running row with Greece over its name before July, the…