February 2016 deflation rate seen at 2.6%, Cystat says

Consumer prices fell in February 2.6% compared to the respective month of 2015 after they fell an annual rate of 0.8% mainly on reduced energy prices, the statistical service said.

In January to February, the deflation was as a result 2%, Cystat said in a statement on its website on Thursday.

In February, consumer prices also fell a monthly 0.8% mainly on cheaper fresh vegetables, electricity and fuel offsetting an increase in the price of certain clothing items, Cystat said.

In February 2015, Cyprus posted a deflation rate of 1.4%.

Source: Cyprus Mail

Cyprus Profile

articles | 03 March 2016