European Economic News

Greece Nov Import Prices Fall At Slower Pace

Greece's import prices continued to decline in November, though at a slower pace in the prior month, data from the Hellenic Statistical Authority showed Thursday.

The import price index fell 8.8 percent year-over-year in November, slower than October's 10.4 percent slump. The measure has been falling since December 2013.

Among the main industrial groups, energy prices decreased the most by 32.3 percent annually in November. Prices for intermediate goods dipped 1.0 percent, while that for capital goods grew by 0.5 percent.

On a monthly basis, consumer prices dropped 1.0 percent in November, reversing a 0.2 percent rise in the preceding month.

by RTTNews Staff Writer

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