Exports decline, deflation lingers

Total export value during the same period registered a decrease to 2,128.8 million euros as against 2,224.5 million euros in the same month 2013, a loss of 4.3%. During the twelve month period February 2013 – January 2014, overall import value decreased by 6.5% over a year before, while overall export value fell by 1.6%.

Meanwhile, ELSTAT also noted that deflationary tendencies lingered in February 2014, with consumer price index dropping by 1.1% relative to the month before.

Prices dropped in: food and beverages by 1.3%, apparel and footwear by 2.9%, in housing by 2.2%, durable and household goods by 0.2%, transportation by 3.4%, recreation by 2.9%, education by 3.9%, hotels, restaurants, bars by 2.7%, and miscellaneous services by 4.1%.