2010.09.1306:18:00UTC+00Greek Import Price Inflation Slows In July

Import price inflation in Greece eased for the third consecutive month in July, the Hellenic Statistical Authority said Monday.

Import price inflation slowed to 6% year-on-year in July from 6.2% growth in June. Though inflation has eased, prices have been rising since October last year. A year earlier, import prices declined 6.4%.

The import price index for the Eurozone Market increased 1.3% annually and for the non-Eurozone Market, the index rose 10.9%.

By industrial groups, import prices of intermediate goods climbed 2.9% annually and that of capital goods remained unchanged. Import prices of durable consumer goods and non-durable consumer goods moved up 1.2% and 0.8% respectively. Import prices of energy surged 22.8%.

On a monthly basis, import prices declined 0.7% in July, compared to 0.6% increase in the previous month. Import prices of intermediate goods fell 0.1% and for durable consumer goods prices rose 0.1%. Import prices declined 0.1% for non-durable consumer goods.

Copyright(c) 2010 News.com, Inc. All Rights Reserved