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Inflation in Greece falls to 6.5% in February

Annual inflation rate in Greece fell to 6.5% in February from 7.3% in January, Eurostat said in its flash estimate on inflation trends.

In a report released in Brussels, Eurostat said the annual inflation rate in the Eurozone was expected to ease slightly to 8.5% in February from 8.6% in January, reflecting prices increases in food, alcohol and tobacco (15% and 14.1%, respectively), followed by energy (13.7% from 18.9% in January) and non-energy industrial goods (6.8% from 6.7% in January).

Consumer price index in the services sector rose 4.8% in February from 4.4% in January.

Latvia (20.1%), Estonia (17.8%) and Lithuania (17.2%) recorded the biggest inflation rates, while Luxembourg (4.8%), Belgium (5.5%), Spain (6.1%) and Greece (6.5%) had the lowest rates.

PS if inflation keeps falling, why food prices keep increasing?

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One comment

  1. “PS if inflation keeps falling, why food prices keep increasing?”

    Due to extra large porky pies. Another one – “the Station Master done it”. SHAME on all of them.