articles | 08 November 2016

Harmonised deflation rate seen at 1% in October 2016

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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