May 10, 2018 / 9:36 AM / 2 months ago

Greek consumer price inflation picks up to 0.5 pct in April

    ATHENS, May 10 (Reuters) - Greece's annual EU-harmonised
inflation rate accelerated in April, statistics service ELSTAT
data showed on Thursday.
    The reading in April was 0.5 percent from 0.2 percent in
March. The data showed the headline consumer price index flat at
0 percent year-on-year from -0.2 percent in the previous month.
    Greece had been in a protracted deflation mode since March
2013 based on its headline index, as wage and pension cuts and a
multi-year recession took a heavy toll on Greek household
incomes.
    Deflation in the country hit its highest level in Nov. 2013
when consumer prices registered a 2.9 percent year-on-year
decline. The economy emerged from deflation in June 2016.

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KEY FIGURES    APRIL   MARCH   FEB   JAN   DEC   NOV
EU-harmonised   0.5     0.2     0.4   0.2   1.0   1.1
CPI y/y         0.0    -0.2     0.1  -0.2   0.7   1.1
-----------------------------------------------------
source: ELSTAT    

 (Reporting by George Georgiopoulos)
  
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