Hellenic Statistical Authority: Greek inflation rate unchanged in December

Greek inflation rate remained unchanged in December after 45 months of decline, for an average rate of -0.8 pct in 2016, Hellenic Statistical Authority said on Wednesday.

The statistics service, in a report, said the consumer price index was unchanged in December, after falling by 0.9 pct in November and by 0.2 pct in December 2015. The statistics service attributed this development to declines of 0.8 pct in food/beverage, 1.2 pct in clothing/footwear, 0.1 pct in health prices, 1.5 pct in entertainment prices, a 0.4 pct fall in education, a 2.8 pct decline in durable goods, an 1.8 pct fall in housing prices and an 1.2 pct fall in transport prices. Communication prices eased 0.7 pct, while hotel/coffee/restaurant prices fell 1.3 pct.

The composite consumer price index rose 1.0 pct in December from November 2016, after a 0.1 pct increase recorded in the same period in 2015. The average index in the January-December 2016 period fell 0.8 pct from an 1.7 pct fall recorded in 2015.

Greece’s harmonized inflation rate rose 0.3 pct in December, after a 0.2 pct fall in November and a 0.4 pct increase in December 2015. On a monthly basis, the harmonized inflation rate grew 0.4 pct in December, while on average levels, the index was unchanged in December from an -1.1 pct decline recorded in 2015.