Deflation slowed down in Greece last month according to annual Eurozone inflation rate figures released by Eurostat on Wednesday, which gave an annual rate of -1.2% for Greece in November 2014, from -1.8% in October.
Annual inflation throughout the Eurozone slowed to 0.3% in November, down from 0.4% in October, and annual inflation in the EU28 stood at 0.4% in November, down from 0.5% in October.
Countries experiencing deflation on an annual basis include Bulgaria (-1.9%), Greece (-1.2%), Spain (-0.5%) and Poland (-0.3%). The highest rates of annual inflation were in Romania and Austria (1.5%), followed by Finland (1.1%).
The rate of annual deflation has slowed down significantly in Greece compared to November 2013, when it stood at -2.9% against an EU average inflation of 1%.