Harmonised inflation at 0.7% in July

Harmonised annual inflation stood at 0.7% in July 2013 compared to 3.8% in July 2012 and in relation to 0.8% in June 2013, according to data released by the Cyprus Statistical Service.

At an annual basis harmonised inflation was up on alcoholic beverages and tobacco by 9%, non alcoholic beverages by 3% and transport by 2%. It fell however by 5.7% on housing, water supply, electricity and gas, by 3.7% in health, by 2.7% in clothing and footwear and by 1% in recreation and culture.

Source: Financial Mirror