The Hellenic Statistical Authority released its consumer price inflation data for Greece on Wednesday. Greek consumer prices fell 0.8% in May, after the 0.5% increase in April. It was the first decline in three months.

On a yearly basis, the Greek consumer price index declined 2.1% in May, after a 2.1 drop in April. Consumer prices in Greece declined since March 2013.

Housing prices plunged at an annual rate of 6.9% in May, transport costs dropped by 2.9%, clothing and footwear prices declined 5.5%, while household equipment prices were down 2.1%.

Prices of food and non-alcoholic beverages increased 0.5% in May, while alcoholic beverages and tobacco prices climbed by 2%.