Greece: Inflation stabilizes in January
Latest reading: Harmonized consumer prices were up 2.9% on a year-on-year basis in January, unchanged from the prior month’s reading.
Relative to the previous month’s data, there were higher price pressures for food and non-alcoholic beverages (+4.7% on a year-on-year basis vs +3.8% in December) and recreation (+2.2% vs +2.1% in December). In contrast, there were reduced price pressures for transportation (+1.6% vs +1.8% in December), housing and utilities (+3.4% vs +3.9% in December) and restaurants and hotels (+3.9% vs +5.2% in December).
Meanwhile, consumer prices increased 2.5% in annual terms in January, following a 2.6% increase in the prior month.
Finally, harmonized consumer prices declined 0.74% in January in month-on-month terms, following a 0.13% increase in the prior month.