ECONOMY

Inflation steady at 5.2 pct in Jan

Greece’s consumer price index (CPI) rose 5.2 percent year-on-year in January, unchanged from the previous month, the Hellenic Statistical Authority (ELSTAT) said Thursday.

Among the components on the consumer index, alcoholic beverages and tobacco, as well as transport showed the biggest increases of 19.5 percent and 15 percent respectively. Prices declined in the clothing and footwear as well as healthcare.

Month-on-month, the index dropped 0.7 percent in January, ELSTAT added.

Economists said Greece’s tax adjusted inflation rate is currently close to zero as retailers have absorbed recent tax hikes in a bid to cushion falling consumption.