Greece enters second year of deflation as CPI falls 1.3 pct in March

EconomyMacroeconomy Tags: CPI, ELSTAT

Greece remained in deflation for the thirteenth consecutive month in March. The Consumer Price Index (CPI) eased 1.3 percent at a slightly accelerating pace compared to the 1.1 percent posted in February, according to the Hellenic Statistical Authority (ELSTAT).

On a monthly basis, the CPI hiked 2.3 percent fully attributed to a jump of 37.9 percent in the clothing and footwear prices and a 4.7 percent increase in household equipment prices. The price change in both sectors reflects the end of the winter sales ...

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