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GreekReporter.comGreek NewsEconomyEurostat: Greece's deflation at -1.8% in December

Eurostat: Greece's deflation at -1.8% in December

DEFLATIONGreece recorded a deflation of -1.8% in December, according to data published today by Eurostat in Brussels.
The average inflation rate in the Eurozone fell to 0.8% in December compared to 0.9% in November, while inflation in the EU remained stable at 1%.
On an annual basis (from December 2012 to December 2013), Greece recorded the lowest inflation rate in the EU (-1.8%), followed by Cyprus (-1.3%), Bulgaria (-0.9%) and Latvia (-0.4%). The highest inflation rates were recorded in Estonia, Great Britain and Austria (2%) and Finland (1.9%).
In December 2012 inflation in Greece was at 0.3%, while in the Eurozone it was 2.2% and 2.3% in the EU.
The largest increases in the prices of goods and services in the Eurozone, recorded on an annual basis, were for electricity (+0.11%), tobacco (+0.08%) and food (+0.05%). The largest falls were recorded in telecommunications (-0.14%), diesel (-0.13%) and medical and paramedical services (-0.07%).
 

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