ECONOMY

Greek inflation smallest in eurozone

Eurostat figures for September confirmed on Tuesday that Greece had the lowest inflation in the eurozone, at just 0.3 percent, while the average in the euro area was 2.6 percent and in the 27-member European Union, 2.7 percent.

Despite the general decline in the prices of products and services, they are still at relatively high levels in comparison with disposable incomes, which have shrunk dramatically.

It is no coincidence that Finance Minister Yannis Stournaras insists that there is no need for further intervention in the labor market, but rather in the product and service sectors.

Analysts say that prices remain high because various enterprises are refusing to cut charges and there are barriers to the free transport of goods.