Greek deflation slows to 1.5 pct in January

EconomyMacroeconomy Tags: CPI, ELSTAT

The drop in Greece’s Consumer Price Index (CPI) slowed to 1.5 percent in January from 1.7 percent in December, according to the Hellenic Statistical Authority (ELSTAT).

On a monthly basis, the CPI eased 1.2 percent due to a double-digit drop (-15.1 percent) in clothing and footwear most likely reflecting the winter sales period that began in mid-January.

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