In October, consumer prices rose 0.2% over the previous month, which represented a sharp deceleration compared to the 1.9% rise recorded in September. The moderate reading mainly reflected lower prices for food and non-alcoholic beverages (-0.4% month on month) and a less pronounced increase in prices for clothing and footwear (September: +17.6% mom; October: +1.3% mom). Owing to the subdued price increase, annual inflation fell from 5.6% in September to 5.2% in October. Meanwhile, annual average harmonised inflation (based on HICP) rose from 3.9% in September to 4.3% in October. The European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF) expect 2010 inflation to end the year at 4.8%. In 2011, inflation is likely to moderate sharply to 1.5% - 2.0% amid subdued economic activity and high unemployment.
Inflation moderates in October
November 9, 2010
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Greece Economic News
October 10, 2016
In August, industrial production fell a working-day adjusted 0.3% compared to the same month last year, which contrasted the revised 4.7% expansion in July (previously reported: +4.1% year-on-year).
October 6, 2016
The number of unemployed fell by 5,357 in July, according to the Hellenic Statistical Authority (EL.STAT.).
October 3, 2016
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) deteriorated in September, erasing most of the gains made in August.
September 9, 2016
In July, industrial production rose a working-day adjusted 4.1% compared to the same month last year, which came in below the revised 7.9% expansion in June (previously reported: +7.5% year-on-year).
September 8, 2016
The number of unemployed fell by 6,800 in June, according to the Hellenic Statistical Authority (EL.STAT.).