UPDATE 1-Greek EU-harmonised inflation stays negative in April

Reuters
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ATHENS, May 12 (Reuters) - Greece's annual EU-harmonised inflation stayed negative for the 13th consecutive month in April, data from the country's statistics service ELSTAT showed on Wednesday.

The reading was -1.1% year on year from -2% in March.

EU-harmonised inflation is an index of components that is used across the European Union to measure inflation in a consistent way.

Prices were led lower by food and non-alcoholic drinks, hotels, restaurants and transport, affected by a second wave of coronavirus restrictions Greece imposed from late 2020.

The country went through a deflationary phase during its debt crisis as wage and pension cuts and a protracted economic slump took a heavy toll on household incomes.

Negative inflation peaked in November 2013, when consumer prices registered a 2.9% year-on-year decline. The economy had emerged from deflation in June 2016 but fell back into it 13 months ago. (Reporting by Angeliki Koutantou; Editing by Edmund Blair)