Reuters reports that data from the country's statistics service ELSTAT showed that Greece's annual EU-harmonised inflation stayed negative for an 11th month in a row in February.

The reading was -1.9% year-on-year from -2.4% in January. The data also showed headline consumer price inflation at -1.3%, from -2.0% in the previous month.

Prices were led lower by transport, housing and consumer durables, affected by a second lockdown the country imposed to stem a surge in COVID-19 infections.

Greece went through a deflationary phase during its debt crisis as wage and pension cuts and a lengthy recession took a heavy toll on household incomes.