Thursday Jul 24, 2014 Search
Weather | Athens
32o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Eurozone inflation steady at 0.8 pct in January, Greek deflation at 1.4 pct

Eurozone inflation held steady at 0.8 percent in January from the same figure in December, official data showed on Thursday, easing concerns of deflationary pressure on growth.

A second estimate from the Eurostat statistics office showed year-on-year inflation in the 18-nation eurozone dropping from 2.0 percent in January 2013 after falling steadily in recent months.

In the 28-nation European Union, inflation fell to 0.9 percent against 1.0 percent in December and year-on-year decreased 2.1 percent.

The data will ease pressure on the European Central Bank (ECB) over concerns about deflation and the need for a further easing of monetary policy.

However Eurostat showed annual negative rates in Cyprus (-1.6 percent), Greece (-1.4 percent) and in Bulgaria (-1.3 percent).

The highest rates were in Britain and in Finland, which each saw a 1.9-percent rise.

Tobacco registered the highest rise in January at 0.8 percent.

The figures came amid fears that disinflation could harm a growing but lacklustre recovery in the eurozone.

Tough EU government austerity policies to combat the debt crisis have sucked demand out of the economy, pushing inflation way below the ECB's target of close to 2.0 percent.

Deflation -- falling prices in real terms -- can encourage consumers to put off buying goods in the expectation that if they wait, they will become cheaper.

That in turn weakens the economy as companies reduce output accordingly, hitting employment and demand, thereby setting off a downward spiral.

[AFP]

ekathimerini.com , Monday February 24, 2014 (13:34)  
Eurozone bonds yields rise on strong data, dulling QE prospects
PPC approves $243 million wind investment in Greece
No property transactions for tax evaders
IOBE warns crisis will return if reforms are not implemented
Man gets suspended prison term for animal cruelty
A 69-year-old man was handed an 8-month suspended prison sentence and was fined 30,000 euros after being found guilty over charges of beating a stray dog to death in Charopo, in Serres, nort...
Presidential election will not lead to snap elections, Samaras tells ND deputies
Prime Minister Antonis Samaras has told New Democracy MPs that he does not think Greece will go to snap elections early next year over the election of a new president. Speaking off the recor...
Inside News
TRACK & FIELD
Athens, the Marathon capital of the world for good
Paco Borao, the man who restored Athens as the Marathon capital of the world with the establishment at the Olympic Sports Center of the headquarters of the International Association of Marat...
TRACK & FIELD
Pole vault record on same day as three doping cases
Greek track and field had a mixed weekend, as on the same day as Katerina Stefanidi matched the national record in pole vault as well as the leading result in Europe so far this season, thre...
Inside Sports
COMMENTARY
When evaluation is seen as useless
The reactions toward the governments plans for an evaluation of public sector workers are completely unsurprising. Civil servants and not just the unions that represent them abhor the m...
EDITORIAL
Playing the good guy
There is a part of the government that is striving to fulfill the commitments that Greece has undertaken toward its foreign creditors, most of which pertain to reforms that are absolutely es...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Man gets suspended prison term for animal cruelty
2. Eurozone bonds yields rise on strong data, dulling QE prospects
3. PPC approves $243 million wind investment in Greece
4. Presidential election will not lead to snap elections, Samaras tells ND deputies
5. Medical assistance for Acropolis visitors
6. Samaras and Venizelos meet amid internal strife within coalition
more news
Today
This Week
1. Quadriplegic woman on life support 'dies due to unpaid power bills'
2. Democracy 'retreated' during crisis, says Papoulias
3. Family of deceased woman on life support says application for 'special status' had been filed with PPC
4. Efforts continue on Crete to find 'Sifis' the crocodile
5. Samaras and Venizelos meet amid internal strife within coalition
6. Medical assistance for Acropolis visitors
Today
This Week
1. The cost of excellence
2. Ex-Credit Suisse banker taps lesson for Greek rebound
3. Greece seen in third bailout as bonds not enough, economists say
4. Climber dies in Mount Olympus fall
5. Greek banks able to tap investors after stress tests, HFSF Says
6. Greek sovereign debt at 174.1 percent of GDP in first quarter
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.