Greek Inflation Rose by 2.4% in December 2011



Greece’s EU harmonized inflation eased to the lowest in four months in December, data released by the Hellenic Statistical Authority showed Wednesday.
The harmonized index of consumer prices (HICP) increased 2.2 percent on an annual basis in December, slower than the 2.8 percent growth seen in November. The latest figure was the lowest since August, when the HICP rose 1.4 percent.

Prices of food and non-alcoholic beverages advanced 4.1 percent year-on-year, while housing costs moved up 8 percent. There was a 0.6 percent annual increase in transportation costs during the month, and a 1 percent decrease in clothing and footwear prices.

Month-on-month, the HICP edged down 0.2 percent in December, reversing the previous month’s 0.2 percent increase.

At the same time, the consumer price inflation slowed to 2.4 percent in December from 2.9 percent in the previous month. On a monthly basis, consumer prices decreased 0.1 percent, following November’s 0.2 percent rise.
(source: ELSTAT, nasdaq)