• Greece inflation accelerates in February

Market news

12 March 2019

Greece inflation accelerates in February

The Hellenic Statistical Authority reported on Tuesday, Greece's consumer price index (CPI) rose 0.6 percent y-o-y in February after a 0.4 percent y-o-y advance January. 

According to the report, the biggest increase was in communication, where costs increased 6.2 percent y-o-y, followed by a 2.1 percent y-o-y climb in prices of food and non-alcoholic beverages. At the same time, clothing and footwear fell the most, down 2.7 percent y-o-y in February.

On a monthly basis, consumer prices edged up 0.1 percent in February, after dropping 1.8 percent in the previous month.

Meanwhile, the harmonized index of consumer prices (HICP) increased 0.8 percent y-o-y in February, following a 0.5 percent y-o-y gain in January. That marked the fastest inflation pace in three months.

In m-o-m terms, the HICP rose 0.3 percent after a 1.3 percent decline in January. That was the first increase in four months.

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