Greek Consumer Prices Decline For Tenth Month

Greek consumer prices fallGreece’s EU harmonized consumer prices decreased for the tenth consecutive month in December, data released by the Hellenic Statistical Authority revealed Monday.
The harmonized index of consumer prices (HICP), measured under the EU methodology, dropped 1.8 percent year-on-year in December, after falling 2.9 percent in November. Prices have now fallen for the tenth successive month.
Food and non-alcoholic beverages prices slid 0.7 percent annually, and costs of clothing and footwear fell 3.1 percent. There was a 0.7 percent decrease in housing costs, and a 2.5 percent fall in transportation costs.

The HICP increased 0.8 percent in December compared to November, when it recorded a 1.3 percent fall, the agency said.
At the same time, the consumer price index declined 1.7 percent annually in December, following the previous month’s 2.9 percent fall. The index logged negative growth for the tenth successive month.
Month-on-month, consumer prices moved up 0.9 percent in December, reversing the previous month’s 1.4 percent decrease.
(source: ELSTAT, RTT)