Cyprus’ harmonised consumer price index dropped in October by 1% compared to the respective month of 2015 and 0.9% in a month, the statistical service said.
In January to October, the harmonised annual deflation rate was 1.4%, Cystat said in a statement on its website on Tuesday.
The drop was mainly on cheaper energy prices, food and non-alcoholic beverages, non-energy industrial products and services, Cystat said.
Source: Cyprus Mail
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Digital assets are no longer a niche, but a part of modern finance attracting a growing number of investors – and there is immense potential for Cyprus to become a leading cryptocurrency hub. By fostering a more inclusive regulatory ecosystem, Cyprus can diversify its financial services sector and position itself at the forefront of digital finance, says Georg Bühler, Managing Director of Mount Pelion Capital.
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