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FX.co ★ Greece Inflation Eases To 7.0%, Lowest In One Year

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typeContent_19130:::2023-02-15T13:34:00

Greece Inflation Eases To 7.0%, Lowest In One Year

Greece's consumer price inflation slowed for the fourth straight month in January, the Hellenic Statistical Authority said Wednesday.

The consumer price index rose 7.0 percent year-over-year in January, following a 7.2 percent increase in December.

Further, this was the slowest inflation rate since January 2022, when prices had risen 6.2 percent.

The overall inflation was largely led by a 15.4 percent rise in food and non-alcoholic beverages.

Transport charges climbed 8.1 percent annually in January, though slower than the prior month's 9.0 percent surge.

On a monthly basis, consumer prices decreased at a stable rate of 0.5 percent. EU harmonized inflation moderated to 7.3 percent in January from 7.6 percent a month ago.

Month-on-month, the harmonized index of consumer prices fell 0.5 percent, slower than the 0.7 percent drop in December.

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