August 9, 2018 / 9:11 AM / 9 days ago

Greek consumer price inflation slows to 0.8 pct in July

    ATHENS, Aug 9 (Reuters) - Greece's annual EU-harmonised
inflation rate slowed in July, statistics service ELSTAT data
showed on Thursday.
    The reading was 0.8 percent from 1.0 percent in June. The
data showed the headline consumer price index rose to 0.9
percent year-on-year, also decelerating from 1.0 percent in the
previous month.
    Greece had been in a protracted deflation mode since March
2013 based on its headline index, as wage and pension cuts and a
multi-year recession took a heavy toll on Greek household
incomes.
    Deflation in the country hit its highest level in Nov. 2013
when consumer prices registered a 2.9 percent year-on-year
decline. The economy emerged from deflation in June 2016.
    
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KEY FIGURES    JULY   JUNE   MAY   APRIL   MARCH   FEB 
EU-harmonised  0.8    1.0    0.8   0.5     0.2     0.4 
CPI y/y        0.9    1.0    0.6   0.0    -0.2     0.1 
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source: ELSTAT
        

 (Reporting by George Georgiopoulos)
  
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