Greece import prices declined at a faster pace in July, figures from the Hellenic Statistical Authority showed Monday.
The import price index dipped 11.5 percent year-over-year in July, following a 10.5 percent drop in the previous month. Import prices have been falling since December 2012.
The latest rate decrease was the steepest since January, when prices had fallen 13.2 percent.
Among main industrial groupings, prices in the energy sector alone plunged 36.3 percent annually in July and that for non-durable consumer goods sector went down by 0.6 percent.
At the same time, prices in the capital goods sector registered an increase of 0.7 percent and those of capital goods sector edged up by 0.2 percent.
On a monthly basis, import prices fell 2.4 percent in July, faster than the 1.0 percent drop seen in the preceding month. It was the second successive monthly decrease.
The material has been provided by InstaForex Company – www.instaforex.com