Greece’s harmonized inflation rate was 4.9 pct in January 2011, up from a 2.3 pct figure recorded in January 2010, Hellenic Statistical Authority said on Monday. The statistics service, in a report, said the harmonized consumer price index was down 1.0 pct in January from December 2010, after a decline of 0.8 pct recorded in the same period last year.

In Brussels, Eurostat announced that Greek inflation slowed to 4.9 pct in January, from 5.2 pct in December 2010. The inflation rate rose to 2.3 pct in the Eurozone, from 2.2 pct in December, while in the EU-27 the inflation rate was 2.7 pct in January, unchanged from December 2010. Ireland (0.2 pct), Sweden (1.4 pct) recorded the lowest inflation rates, while Romania (7.0 pct), Estonia (5.1 pct) and Greece (4.9 pct) recorded the highest inflation rates in January.