Greece's consumer prices rose at a slower annual pace for the third consecutive month in January.

The Consumer Price Index climbed 0.2 percent year-on-year, the lowest since the series began in 2001, following a 0.8 percent rise in December, data from the Hellenic Statistical Authority showed Friday. In November, inflation was 1 percent.

Month-on-month, prices declined 1.4 percent in January, after a 0.3 percent fall in December. It was the third monthly decline in a row.

Prices of clothing and footwear logged the biggest monthly decline of 15.3 percent, followed by those of household equipment, down 3.6 percent. Prices also decreased in the health, communication, recreation and culture, education, and hotels and cafés.