ELSTAT reports a 1.1% decrease in inflation on an annual basis

ELSTAT reports a 1.1% decrease in inflation on an annual basis

 

By Spiros Sideris – Athens

Inflation in Greece has remained in negative levels for the month of June, however deflationary pressures have subsided compared to May.

According to data from the Hellenic Statistical Authority (ELSTAT), which came up by comparing the Consumer Price Index for June 2014 with the corresponding index for June 2013 there is a 1.1% decrease compared to the 0.4% decrease that occurred during the same period between 2012-2013.

Compared to May 2014, the General Index increased by 0.6%, compared to a decrease of 0.2% recorded in the corresponding comparison period of the previous year.

The mean index for the twelve-month period July 2013 – June 2014 decreased by 1.5% compared to a 0.5% increase that was recorded to the same mean index for the period July 2012 – June 2013.