Eurostat: Deflation in Greece at 1.4%
It took four years of recession for Greek inflation to get with the program of dropping wages, but it's finally here. According to Eurostat figures, deflation in January was at 1.4%.
- Published in Greece
It took four years of recession for Greek inflation to get with the program of dropping wages, but it's finally here. According to Eurostat figures, deflation in January was at 1.4%.
According to the Greek Statistical Authority (ELSTAT), the recession in 2013 is running with a rate of 3.7%.
Greece is showing the highest debt in the EU of the 28 with debt reaching 156.9% of GDP, in 2012, according to Eurostat.