Greece’s consumer price index flat in December

11 January 2017
61 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

PAO fans storm club’s offices
GREECE
shares44 views
GREECE
shares44 views

PAO fans storm club’s offices

makis - Jun 23, 2017

A group of Panathinaikos fans have stormed the club’s headquarters protesting against what they consider to be a complete lack…

Almost 4 million Greeks were at risk of poverty last year
FINANCE
shares34 views
FINANCE
shares34 views

Almost 4 million Greeks were at risk of poverty last year

makis - Jun 23, 2017

According to the ELSTAT, 35,6% of the Greece’s population or 3.789.300 people were at risk of poverty or social exclusion…

New survey: New Democracy gains 6 percentage points in one month widening the gap with Syriza!
POLITICS
shares47 views
POLITICS
shares47 views

New survey: New Democracy gains 6 percentage points in one month widening the gap with Syriza!

makis - Jun 23, 2017

The government’s communication effort to give a positive impression to the Eurogroup agreement does not seem to be working that…

Leave a Comment

Your email address will not be published.