Greek consumer price inflation slows to 0.6 pct in December

Greece's annual EU-harmonised inflation rate slowed in December, statistics service ELSTAT data showed on Friday.

The reading was 0.6 percent from 1.1 percent in November.

The data showed the headline consumer price index also decelerated to 0.6 percent year-on-year from 1.0 percent in the previous month.

Greece had been in a protracted deflation mode since March 2013 based on its headline index, as wage and pension cuts and a multi-year recession took a heavy toll on Greek household incomes.

Deflation in the country hit its highest level in Nov. 2013 when consumer prices registered a 2.9 percent year-on-year decline. The economy emerged from deflation in June 2016. [Reuters]