Greek deflation eases slightly to 1.2 pct in November

EconomyMacroeconomy Tags: CPI, ELSTAT
Photo by MacroPolis
Photo by MacroPolis

The drop in Greek consumer prices slowed to 1.2 percent in November from 1.7 percent in October, according to the Hellenic Statistical Authority (ELSTAT). However, the headline figure is the second highest deflationary reading since May.

On a monthly basis, the consumer price index (CPI) eased 0.9 percent compared to October. This mainly reflects a decrease in clothing and footwear prices by 8.2 percent. This is most likely attributed to the interim sales period in the first ten days of...

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