Greece's harmonized index of consumer prices, or HICP, declined at a slower than expected rate in August, figures from the Hellenic Statistical Authority showed Wednesday.
The HICP fell 0.2 percent year-over-year in August following the 0.8 percent drop in July, slower than the 0.5 percent decline expected by economists.
The index declined at a slower rate for the third consecutive month.
On a month-over-month basis, the HICP dropped at a faster rate of 1.1 percent in August compared with the 1 percent fall in July.
Overall consumer prices slid 0.3 percent year-over-year in August, after the 0.7 percent drop in July. This was slower than the 0.5 percent decrease expected by economists.
On a month-over-month basis, consumer prices declined at the stable rate of 1.2 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.