Greece's consumer prices declined the most in thirteen months in December, figures from the Hellenic Statistical Authority showed Tuesday.
The consumer price index dropped 2.6 percent year-on-year in December, which was far worse than economists' forecast of a 1.6 percent decline. In November, prices fell 1.2 percent.
Consumer prices have been falling since March 2013 and the latest decline was the sharpest since November 2013, when the index decreased 2.9 percent.
Month-on-month, consumer prices also dropped for the third consecutive month by 0.5 percent in December, slower than November's 0.9 percent fall.
At the same time, the harmonized index of consumer prices slid 2.5 percent annually in December, after a 1.2 percent drop seen in the preceding month. Economists had forecast a 1.7 percent decline for the month. It was also the worst fall since November 2013, when prices dropped 2.9 percent.
On a monthly basis, the HICP fell 0.5 percent during the month, following a 0.7 percent decline in November. It was the third successive monthly decrease.
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