Deflation hits record -2.9 pct in November

According to ELSTAT, the deflation rate increase in November 2013 compared to the same month last year was due to: a drop in the food & beverages price index (-1.2 pct), caused by lower prices for fresh fish and fresh produce prices; a 11.5 pct decline in clothing and footwear prices; a 0.5 pct decline in housing price index due to lower rents; a 3.6 pct slump in the household goods and services price index due to discounts; a 2.7 pct fall in transportation due to lower fuel prices; a 4.2 pct decline in communication; a 3.1 pct reduction in entertainment; a 4.2 pct fall in education; a 2.9 pct decline in hotels/cafes/restaurants prices and a 4.9 pct decline in the other goods and services’ index.
These were offset by a 3.5 pct rise in alcohol and tobacco prices and a 0.3 pct rise in the health price index.

source: ΑΜΝΑ