Import prices turn negative in Feb for first time in two years

EconomyMacroeconomy Tags: ELSTAT, Imports
Photo by Angelos Christofilopoulos/Fosphotos
Photo by Angelos Christofilopoulos/Fosphotos

Greece’s import price index went in contraction in February, dropping by 5.6 percent year-on-year (YoY), after a rise of just 0.4 percent in January, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.

This is the first negative reading since January 2021, when the index dropped by 4.8 pct. After that the index expanded, until January this year.

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