articles | 07 July 2016

Cyprus June 2016 inflation seen at -2.2%

Consumer prices fell 2.2% in June 2016, compared with the respective month of 2015 – after falling 2.1% in May – mainly on reduced electricity prices, cheaper airfares and fuel, the statistical service said.

Compared with May, consumer prices fell 0.1% in June as the reduced prices for fruits, clothing, electricity, and other goods and services more than offset the monthly price hikes in vegetables, fuel and airfares, Cystat said in a statement on its website on Thursday.

In the first half of the year, Cyprus posted a 2.2% deflation, Cystat said.

Source: Cyprus Mail

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