Greek Inflation Rate at 1.6% in April

Greek Inflation Rate at 1.6% in April

Greek inflation rate slowed to 1.6% in April, from 1.7% in March, but remained up compared with 1.3% in April 2016, Hellenic Statistical Authority said on Wednesday. The statistics service, in a monthly report, attributed this development to price increases: 1.9% in food/beverage, 5.8% in alcohol/tobacco, 3.3% in housing, 6.8% in transport, 2.1% in communication, 1.9% in hotel/restaurants and price declines: 0.2% in clothing/footwear, 3.2% in durable goods, 2.8% in health, 1.3% in entertainment, 0.3% in education and 2.2% in other goods and services. The consumer price index rose 0.6% in April from March 2017, after a 0.7% increase recorded in the same period last year. Greece's harmonized inflation rate grew 1.6% in April, from 1.7% in March and -0.4% in April last year. On a monthly basis, the index was up 0.7% in April from March this year, after a 0.7% increase in the same period last year.

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