Greek deflation shoots up to 1.7 pct in October

EconomyMacroeconomy Tags: ELSTAT
Photo by MacroPolis
Photo by MacroPolis

The Greek economy showed deeper deflation of 1.7 percent in October from 0.8 percent in September, according to the Hellenic Statistical Authority (ELSTAT).

The headline figure recorded an accelerating trend for the second consecutive month, with October posting the second highest deflation reading in 2014 after the -2 percent posted in May.

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