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Greek consumer price inflation slows to 0.6pc in May

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The reading in May was 0.6pc from 1.1pc in April.

The data showed that headline consumer price inflation also decelerated to 0.2pc year-on-year from 1.0pc in the previous month.

Greece had been in a protracted deflation mode since March 2013 based on its headline index, as wage and pension cuts and a multi-year recession took a heavy toll on household incomes.

Deflation in the country hit its highest level in Nov. 2013, when consumer prices registered a 2.9 percent year-on-year decline.

The economy emerged from deflation in June 2016.

Copyright Reuters, 2019