articles | 03 May 2018

Consumer prices fall 0.1% in April 2018

Consumer prices fell on average 0.1% in April 2018 compared to the respective month of 2017, as cheaper products more than offset the impact of more expensive fuel and services, the statistical service said.

In January to April, the annual inflation rate was minus 0.4%, Cystat said in a statement on its website.

In April, electricity prices fell 5.5% compared to the respective month of 2017, Cystat said. Prices for agricultural and industrial products excluding fuel fell 1.1% and 1.2% respectively and water prices fell 2.8%. On the other hand, fuel prices rose 1.5% while those for services rose 1.3%.

Source: Cyprus Mail

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