Greece HICP Inflation Eases In August

Greece HICP Inflation Eases In August

Greece's EU measure of inflation eased in August after remaining stable in the previous month, figures from the Hellenic Statistical Authority showed Friday.

The harmonized index of consumer prices, or HICP rose 0.6 percent year-over-year in August, slower than the 0.9 percent climb in July. The measure has been rising since December 2016.

Housing costs grew 2.0 percent annually in August and those of clothing and footwear prices went up by 0.8 percent.

At the same time, prices of food and non-alcoholic beverages registered a decrease of 1.2 percent.

On a monthly basis, HICP dropped 0.3 percent from July, when it decreased by 1.2 percent.

The consumer price inflation eased slightly to 0.9 percent in August from 1.0 percent in the prior month. Month-on-month, consumer prices declined 0.4 percent after a 1.7 percent fall in July.