Con­sumer price in­dex flat in De­cem­ber

Kathimerini English - - Focus -

Greece’s an­nual head­line con­sumer price in­dex was un­changed at zero per­cent in De­cem­ber year-on-year, with the an­nual pace of de­fla­tion slow­ing sharply from -0.9 per­cent in Novem­ber, sta­tis­tics ser­vice data showed yes­ter­day. The data also showed the Euro­pean Union-har­mo­nized in­fla­tion rate turned positive in De­cem­ber at 0.3 per­cent from -0.2 per­cent in Novem­ber. Con­sumer prices were led higher by al­co­holic bev­er­ages, to­bacco, hous­ing, ho­tels and trans­porta­tion costs. For years an in­fla­tion out­lier in the eu­ro­zone, Greece has 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 Greece, which signed up to its first in­ter­na­tional bailout in 2010, hit

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