Social Mood Conference  |  Socionomics Foundation

January 22, 2014

greece-deflationGreece recorded a deflation rate of -1.8% in December, according to a January 16 article in the Greek Reporter. Deflation is a manifestation of negative-trending social mood. Throughout the entire Eurozone, the average inflation rate fell from 0.9% in November to 0.8% in December. And in addition to Greece, three other EU countries experienced negative inflation rates in December: Cyprus (-1.3%), Bulgaria (-0.9%), and Latvia (-0.4%).


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