2012.03.0907:48:00UTC+00Greece Inflation Lowest In 7 Months

Greece's inflation declined for the fifth consecutive month in February, data from the Hellenic Statistical Authority showed Friday.

The consumer price index increased 2.1 percent annually, slower than the 2.3 percent gain in January. The latest figure is the slowest since August, when prices rose 1.7 percent.

Month-on-month, prices fell 1.5 percent in February, following a 0.8 percent decline in January. Prices declined for the third month in a row.

The harmonized index of consumer prices measured for EU comparison purposes, increased 1.7 percent year-on-year in February, after rising 2.1 percent in January. Month-on-month, the index fell 1.7 percent in February, after declining 1.1 percent in the previous month.