Greek inflation eases, to 1968 levels

Greece’s consumer inflation edged down to an annual 0.1 percent in February from 0.2 percent in January, its lowest reading since 1968, according to figures released on Friday by the Hellenic Statistical Authority (ELSTAT).

Although inflation was down overall, prices for certain goods saw a significant increase from last February. The price of heating oil rose by 31.3 percent year-on-year, air ticket prices increased by 32.1 percent, potatoes cost 25 percent more and electrity charges rose by 12.3 percent. Meanwhile the price of medicines dropped 14.6 percent and telecommunications services were 7.3 percent cheaper.