Annual contraction of import prices slows in Sep, index growing MoM since Jun

EconomyMacroeconomy Tags: ELSTAT, Imports

Greece’s import price index continued to contract in September but at a considerably slower rate compared to recent lows as it fell by 9.2 percent year-on-year (YoY), after dropping by 14.6 percent in August, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.

The consecutive negative readings now stretch back more than half a year. February was the first negative number 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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