Greece posted annual deflation of 2.4% in December – the steepest fall in consumer prices in the last month of 2020 among EU member states, the EU’s statistical office said. Slovenia followed with a drop in consumer prices of 1.2% in December, marking the second-steepest decline on an annual comparison basis among EU-27, Eurostat said in a statement on Wednesday. Elsewhere in Southeast Europe, Croatia reported an annual deflation rate of 0.3% in the month under review, while Bulgaria had zero inflation. Among EU member states in SEE, only Romania recorded inflation in December, of 1.8%, which was also the fourth-highest price increase in the EU-27 group, after Czechia, Hungary and Poland. The figures compare to an average annual inflation rate of 0.3% in the EU and a deflation rate of 0.3 in the euro area.
