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inflation

ELSTAT Data Shows Greek EU-Harmonized Inflation Rate Positive in December 2016

In December Greece saw its annual EU-harmonized inflation rate become positive, according to the latest figures by ELSTAT, the countries statistic agency. Figures released on Wednesday show that Consumer prices rose in goods such as alcoholic beverages, tobacco, housing, hotels...

Statistical Service of Cyprus: Cyprus’ Inflation Rate for May 2016 at -2.1%

Cyprus’ inflation rate for May 2016 decreased at a rate of -2.1%, according to the Statistical Service of Cyprus. The Consumer Price Index for May 2016 increased by 0.61 units to 98.66 units compared to 98.05 units in April 2016....

Is Greece Really Europe’s Most Miserable Country?

The misery index is an economic indicator, created by economist Arthur Okun, and referred to the sum of the unemployment and inflation rates. The misery index was used widely in the 1960s and 1970s as a way of finding out...

Eurostat: -1.2% Inflation Rate in Greece

Deflation slowed down in Greece last month according to annual Eurozone inflation rate figures released by Eurostat on Wednesday, which gave an annual rate of -1.2% for Greece in November 2014, from -1.8% in October. Annual inflation throughout the Eurozone...

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

Greece 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...

Greece Has EU's Lowest Inflation Rate

It may not matter much in the aftermath of  deep pay cuts, big tax hikes and slashed pensions, but Greece at least has the European Union's lowest inflation rate, a mark of 0.3 percent recorded in December, 2012 and...

Bank of Greece Describes Potential Exit from Eurozone as 'Natural Disaster'

The Bank of Greece describes a potential exit from the Eurozone as a nightmare for Greece. The Drachma would be followed by a currency devaluation of 65%, the country's inflation will rise up to 30% and unemployment rates will...