Greek inflation rate slowed to 1.6 pct in April

Greek inflation rate slowed to 1.6 pct in April, from 1.7 pct in March, but remained up compared with -1.3 pct in April 2016, Hellenic Statistical Authority said on Wednesday.

The statistics service, in a monthly report, attributed this development to price increases: 1.9 pct in food/beverage, 5.8 pct in alcohol/tobacco, 3.3 pct in housing, 6.8 pct in transport, 2.1 pct in communication, 1.9 pct in hotel/restaurants and price declines: 0.2 pct in clothing/footwear, 3.2 pct in durable goods, 2.8 pct in health, 1.3 pct in entertainment, 0.3 pct in education and 2.2 pct in other goods and services.

The consumer price index rose 0.6 pct in April from March 2017, after a 0.7 pct increase recorded in the same period last year. Greece’s harmonized inflation rate grew 1.6 pct in April, from 1.7 pct in March and -0.4 pct in April last year. On a monthly basis, the index was up 0.7 pct in April from March this year, after a 0.7 pct increase in the same period last year.