Annual inflation stood at 1.9% in November 2018, 0.4 PP lower compared to annual inflation in October 2018 and below the NBG’s 3% target.
MoM prices increased by 0.7% in November 2018. On seasonally adjusted terms price increase amounted to an estimated 0.35% in November 2018, indicating that seasonally adjusted annualized rate is above but close to the target and currently below target inflation reflects base effect. In November 2017 seasonally adjusted monthly inflation stood at around 0.8%. From product groups perspective prices increased most on healthcare (+5.5% YoY), alcoholic beverages (+4.6% YoY), transportation (+3.8% YoY) and utilities(+3.6% YoY). Prices decreased on clothing and footwear (-6.4% YoY) and communication (-2.2% YoY).
As of November 2018, core inflation stood at 1.3% YoY, 0.4 PP lower than in the previous month.
Source: TBC Research
