August Greek Inflation Remains Stable

Sep 6, 2007 - The Greek Consumer Price Index, CPI, grew 2.5% on an annual basis in August, the statistical office said Thursday. In July also, the increase in the CPI was 2.5% annually. The CPI gained 3.5% in the same month of the last year.

On a monthly basis, the CPI slipped 0.7% in August, while the CPI eased 0.8% in the previous month. The CPI dipped 0.7% in the same year ago period also. In the twelve months to August, the CPI advanced 2.7%, a little less than the growth of 3.5% in the prior comparable period.

Prices of food and non-alcoholic beverages increased 3.3% annually in August, slightly higher than the 2.7% rise in prices of food and non-alcoholic beverages in July. Prices of alcoholic beverages and tobacco climbed 6.7% in August, the same as in the prior month. Clothing and footwear prices advanced an annul 4.1%, after gaining 3.5% in the last month.

In August, housing prices moved up 1.9% year-on-year, a tad less than the 2.1% expansion in housing prices in the earlier month. Transport prices slipped 1% in August, after sliding 0.2% in the previous month. Communication prices gained 1% in August, equal to the rise in communication prices in July.

On a monthly basis, clothing and footwear prices slumped 7.2% in August, while housing prices gained 0.5%. Transport prices sank 1.2% in August, while communication prices remained unchanged.