Greece’s price index falls to second lowest point in 12 years

Photo by MacroPolis
Photo by MacroPolis

Communications are hugely more expensive while prices for transport services are considerably cheaper than the EU average, according to data on price levels on consumer goods and services released by Eurostat last week.

With Greece coming under intense pressure from its lenders to increase VAT on the hospitality and hotel sector, the price index in restaurants and hotels, at their lowest levels in years, could return to their previous levels of 96 percent in 2008 and 9...

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