Consumer prices in Greece decline at fastest rate in five months

EU measure of inflation in Greece declined at the fastest pace in five months during October, figures from the Hellenic Statistical Authority revealed on Monday.

The harmonized index of consumer prices fell 1.8% annually after a 1.1% drop in September. Economists had forecast a 1% decline.

The latest fall was the worst since May, when prices dropped 2.1%.

On a monthly basis, the HICP fell 0.9% following a 1.6% gain in September.

The consumer price index, or CPI, decreased 1.7% annually in October after a 0.8% fall in the previous month.

Economists were looking for a 0.9% decline.

Month-on-month, consumer prices dropped 0.9% in October following a 2.1% gain in September.

RTT News

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