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Import prices fall sharply by 12.7 pct in Mar, as energy drops by 28.4 pct

The contraction of Greece’s import price index accelerated in March, falling by 12.7 percent year-on-year (YoY), after dropping by 5.6 percent in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday.
February’s reading was the first negative print since January 2021, when the index had dropped by 4.8 pct. After that the index expanded, until January this year.
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