Greek CPI falls at slower pace of 0.7 pct in July

EconomyMacroeconomy Tags: CPI, ELSTAT

The drop in the Consumer Price Index (CPI) decelerated for the second straight month to 0.7 percent in July from 1.1 percent in June, according to the Hellenic Statistical Authority (ELSTAT).

The July reading indicates the slowest drop in the CPI so far in 2014 and since July 2013. Greece has been in deflation for 17 straight months.

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