Inflation rate fell to 2.4 pct in July

Greek inflation fell to 2.4 pct in July, from 3.3 pct in June, helped by the summer sales period and lower prices on pharmaceuticals, Hellenic Statistical Authority said on Friday. The statistics service, in a report, said Greece’s harmonized inflation rate also fell to 2.1 pct in July from 3.1 pct in June.
The statistics service attributed the July figure of the consumer price index to a 0.5 pct decline in food and beverage prices, a 13.6 pct drop in clothing/footwear, a 2.1 pct decline in durable goods and a 0.8 pct drop in pharmaceutical prices. Transport prices, however, rose 0.5 pct.

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