Greek economy remained in a deflation trend for the 43rd successive month in September

Greek economy remained in a deflation trend for the 43rd successive month in September, with the consumer price index falling by 1.0 pct, after an 1.7 pct decline in September 2015, although the index grew by 1.8 pct from August, Hellenic Statistical Authority said on Monday.

The statistics service, in a report, attributed this development to declines of 1.6 pct in food/beverage, 4.1 pct to housing prices, 1.9 pct in durable goods/ 1.3 pct in transport prices, 1.4 pct in entertainment, 1.0 pct in education prices and an 1.5 pct fall in other goods and services.

The consumer price index grew 1.8 pct in September from August, reflecting a 43.2 pct rise in clothing/footwear after the end of the summer sales season, while durable goods prices rose 0.8 pct and the hotel/restaurant group rose 0.2 pct.

The average inflation rate in the October 2015-September 2016 period eased 0.9 pct, after a 2.0 pct decline recorded in the 2014-2015 period.