Eurostat: Greek inflation rate at -0.2 pct in August

Greece recorded the third lowest negative inflation rate in the European Union, with -0.2 pct in August, following Bulgaria (-1.1 pct) and Spain (-0.5 pct), Eurostat said on Wednesday.

In a report released here, the EU executive’s statistics office said that the inflation rate in the Eurozone was 0.4 pct in August, unchanged from July, but down from an 1.3 pct rate in August 2013.

In the EU, the inflation rate was also unchanged at 0.5 pct in August from July, down from an 1.5 pct figure in August last year.

Estonia, Italy and Slovakia also reported negative inflation rates in August, while Austria and the UK recorded the highest inflation rates (1.5 pct each).

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