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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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.