Greece recorded a deflation of -1.8% in December, according to data published today by Eurostat in Brussels.
The average inflation rate in the Eurozone fell to 0.8% in December compared to 0.9% in November, while inflation in the EU remained stable at 1%.
On an annual basis (from December 2012 to December 2013), Greece recorded the lowest inflation rate in the EU (-1.8%), followed by Cyprus (-1.3%), Bulgaria (-0.9%) and Latvia (-0.4%). The highest inflation rates were recorded in Estonia, Great Britain and Austria (2%) and Finland (1.9%).
In December 2012 inflation in Greece was at 0.3%, while in the Eurozone it was 2.2% and 2.3% in the EU.
The largest increases in the prices of goods and services in the Eurozone, recorded on an annual basis, were for electricity (+0.11%), tobacco (+0.08%) and food (+0.05%). The largest falls were recorded in telecommunications (-0.14%), diesel (-0.13%) and medical and paramedical services (-0.07%).
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
