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> Economy

Greek inflation at -1.6 pct in April‏

Greek inflation remained in negative territory

Newsroom May 15 02:05

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According to Eurostat data Greek inflation in April was -1.6%, the lowest in the European Union, followed by Bulgaria with -1.3% and Cyprus with -0.4%.

In a report, the EU executive’s statistics service said that the inflation rate in the Eurozone rose to 0.7% in April, from 0.5% in March, but was down compared with an 1.2% figure in April last year.

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In the EU, the inflation rate rose to 0.8% from 0.6%, up from a 0.1% figure in April 2013.

Austria and Romania (1.6%) recorded the highest inflation rates in the EU, followed by Finland (1.3%) and Germany (1.1%).

The inflation rate fell in seven EU member-states, it was unchanged in four and rose in 16 member states. There were no figures for the UK.

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