Greece: Harmonized inflation recedes in January
Harmonized inflation came in at 3.2% in January, down from December’s 3.7%. The reading was largely due to a more moderate rise in prices for food and non-alcoholic beverages. Moreover, prices for recreation grew at a more subdued pace. In addition, price pressures for housing and utilities declined at a faster pace.
The trend pointed down, with annual average harmonized inflation coming in at 3.8% in January (December: 4.2%). Meanwhile, consumer price inflation fell to 3.1% in January, from the previous month’s 3.5%.
Finally, harmonized consumer prices dropped 0.93% in January over the previous month, swinging from the 0.10% increase logged in December.