Greek inflation rate rose 1.3 pct in February

Greek inflation rate rose 1.3 pct in February, after an 1.2 pct increase in January, reflecting rising prices in fuel, heating oil, natural gas, telephone services, alcohol and cigarettes, Hellenic Statistical Authority said on Friday.

The statistics service, in a monthly report, said the consumer price index grew 1.3 pct in February from the same month last year, after a 0.5 pct decline recorded in the 2016/2015 period. It attributed this development to increases of: 1.4 pct in food/beverage group, 2.4 pct in alcohol/tobacco, 4.1 pct in housing prices, 7.1 pct in transport prices, 2/1 pct in communications, 1.6 pct in hotel/restaurant/coffee shops, and to price declines of 6.7 pct in clothing/footwear, 2.2 pct in durable goods, 2.7 pct in health, 1.3 pct in entertainment, 0.3 pct in education and 1.2 pct in other goods and services.

The consumer price composite index fell 0.3 pct in February from January 2017, after a 0.4 pct decline recorded in the same period last year.

Greece’s harmonized inflation rate grew 1.4 pct in February after a 0.1 pct increase in February last year and an 1.5 pct rise in January 2017. On a monthly basis, the harmonized inflation rate fell 0.1 pct in February from January 2017.