articles | 03 August 2017

July 2017 deflation rate at 0.7%

Consumer prices fell an annual 0.7% in July 2017, mainly on fresh fruit and vegetables, offsetting an increase in electricity prices, the statistical service said.

Electricity prices rose an annual 22% last month while the prices of agricultural produce and industrial products, excluding fuel, fell 13% and 1.3% respectively, Cystat said in a statement on its website on Thursday.

Prices for fuel and services went up 0.9% and 0.4% last month compared to the respective month of last year, Cystat said.

The annual inflation rate in January to July was 1%, Cystat said.

Source: Cyprus Mail

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