CPI down by 1.6% in March, marking 12-month continuous drop

EconomyMacroeconomy Tags: CPI, ELSTAT

Greece’s Consumer Price Index (CPI) fell by 1.6 percent year-on-year in March, following a drop of 1.3 percent in February and a decline of 2 percent in January, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.

This completes yet another quarter of deflation in Greece, with prices falling continuously since March last year. The sharpest annual drop was noted in December, when the CPI decreased by 2.3 pct. The previous lowest reading of -2.2 percent was seen in...

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