Greece's inflation slowed significantly to its lowest level in 21 months in July, data released by the Hellenic Statistical Authority showed Friday.
The EU measure of Harmonized Index of Consumer Prices or HICP rose 2.1 percent annually, after increasing 3.1 percent each in June and May. Economists had forecast the index to slow to 3 percent. The latest figure is the lowest since October 2009, when it was 1.2 percent.
The consumer price index or CPI rose 2.4 percent year-on-year in July, after climbing 3.3 percent in each of the previous two months. It was the lowest level since November 2009.
On a monthly basis, both the CPI and the HICP declined 1.4 percent in July, down for a second straight month. In June, the indexes fell 0.2 percent.
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December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.