Last month, consumer prices in Greece decreased by 0.7%, with the yearly deflation momentum lowering from a 1.1% drop in June, as confirmed by the nation's statistics agency and reported by Kathimerini.
Greece's EU-coordinated deflation ratio was confirmed at -.08% in July, compared to -1.5% in June. In a Reuters poll, economists had previously forecasted the rate would hold -1.3%.
Last November the nation's deflation rate marked its most rapid pace since monthly documentation started in 1960, and generated a 2.9% year-on-year decrease.
- Washington Examiner: US considers leaving Incirlik and "sees" alternative in Greece
- AHI Participates on State Department Call on Eastern Med Developments
- Athens-Nicosia in step for the EU summit for Belarus and Turkish aggression
- 25 personalities support Greece and Cyprus against Turkish aggression in letter to the "Times"
- Turkish foreign minister accuses Greece of 'black propaganda', attacks Joe Biden