UPDATE: Greek Dec CPI Accelerates On Higher Fuel Prices

UPDATE: Greek Dec CPI Accelerates On Higher Fuel Prices

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    By Alkman Granitsas    Of DOW JONES NEWSWIRES  

ATHENS (Dow Jones)--Greek consumer prices rose 2.6% on the year in December, accelerating from a 2.0% rise in November, the National Statistics Service said Monday.

On the month, consumer prices rose 0.2% in December, compared with a 0.5% rise a month earlier.

The main driver of annual inflation in December was an 8.5% jump in transportation prices, reflecting the higher price of oil from a year ago. That increase alone accounted for almost half the overall increase in the consumer price index.

Likewise, the index of housing prices--which includes associated housing costs like home heating bills--rose 3.2% on year, in part due to higher prices for fuel.

Other increases included a 6.3% rise in alcohol and tobacco prices, a 2.8% increase in clothing and footwear items, and a 3.6% rise in prices so-called other goods and services, reflecting higher prices at hairdressers and beauty spas.

In the 12 months to December, Greece's inflation rate was 1.2%, the statistics service said.

Web site: www.statistics.gr

-By Alkman Granitsas, Dow Jones Newswires; +30 210 331 2881; alkman.granitsas@dowjones.com

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(END) Dow Jones Newswires

January 11, 2010 05:29 ET (10:29 GMT)

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