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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