Greece's annual inflation rate slowed to 2.6 % in March 2007 compared with the same month last year, the Greek National Statistics Service announced on Wednesday.
The harmonised CPI in the same period increased 2.8%, it added.

Compared to February 2007, the general CPI increased 2.3% while the harmonised CPI increased 2.5%. The core inflation increased 2.7% in March 2007, down from 2.9% in February and 2.9% in March 2006.

NSS's secretary general, Manolis Kontopyrakis, commenting on the March inflation figure said it expected a further decline in April due to lower expectations of price increases in vegetable, fuel and heating oil compared with the same month last year.

The statistics service attributed the 2.6 pct inflation figure in March to a 4.0 pct increase in education prices, a 3.4 pct rise in hotel-coffee-restaurant prices, a 10.8 pct increase in alcohol-tobacco prices, a 4.4 pct rise in clothing and footwear and a 3.2 pct increase in healthcare prices.

Durable goods prices rose 2.4 pct, food and beverage were up 2.7 pct and other goods and services rose by 2.2 pct in March, compared with the same month in 2006.

Source: Athens News Agency

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