Inflation Returns to Greece After Three Years of Falling Prices
- December increase in consumer prices is first in 34 months
- Food, restaurants, hotels drive rise after sales-tax increase
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Greek inflation returned in December, ending almost three years of non-stop price declines during the country’s economic and political crisis.
The 0.4 percent increase, based on an EU measure, followed a 0.1 percent drop in November and marked the first positive reading since February 2013, according to a statement from the Hellenic Statistical Authority. The median estimate of four economists in a Bloomberg survey was for a 0.2 percent increase last month.