Greek CPI dives 2.6 pct in December as deflation deepens to 1.3 pct in 2014

EconomyMacroeconomy Tags: CPI, ELSTAT

The rate of decline in Greek consumer price index (CPI) accelerated to 2.6 percent in December from 1.2 percent in November, according to the Hellenic Statistical Authority (ELSTAT).

Since March 2013, when Greece moved to deflation for the first time, the CPI has remained negative for 22 straight months. Moreover, the December headline figure indicates the second lowest figure since 2001, after the 2.9 percent drop posted in Novembe...

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