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Wednesday, September 10, 2014

Greek deflation slows in August, prices decline for 18th month

August' s reading was the slowest deflation rate since March 2013. Greece's EU-harmonised deflation rate also decelerated to -0.2 percent in August from -0.8 percent in July, coming in above a -0.6 percent rate expected by economists in a Reuters poll. Deflation in Greece hit its fastest pace in November 2013, with consumer prices registering a 2.9 percent year-on-year decline.


READ THE ORIGINAL POST AT finance.yahoo.com