articles | 04 January 2019

Cyprus records inflation of 1.7% in December 2018

Cyprus recorded inflation of 1.7% in December 2018, data released recently by the Cyprus Statistical Service show.

In December 2018, the Consumer Price Index fell by 1.38 units and reached 100.71 units compared to 102.09 units in November 2018. Compared to December 2017, the CPI increased by 1.7% while for the period January - December 2018, the CPI was up by 1.4% compared to the corresponding period of the previous year, a press release on the Statistical Service website shows.

Compared to the index of December 2017 the greatest change occurred in Electricity with an increase of 39.8%, while compared to the index of the previous month, the greatest change was noted in Petroleum products with a change of -8.8%.

Source: CNA

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