Greek inflation steady at 5.5 percent in August as gov't fights debt load

The greatest increase was in cigarette and alcoholic drink prices, which rose 19.3 percent compared to August 2009, while transportation costs rose 16.6 percent, the agency said Tuesday.

The government has said the hike in inflation in recent months has been higher than expected as providers of goods and services passed on increases in indirect taxes to consumers.

International Monetary Fund and European Union officials monitoring the Greek economy have said inflation is expected at 4.75 percent this year, and 1.5 to 2 percent next year, mainly due to higher taxes.

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