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Cyprus News Agency: News in English, 13-01-03
CONTENTS
[01] Cyprus 2012 inflation dropped to 2.4%
[01] Cyprus 2012 inflation dropped to 2.4%
Cyprus` inflation for 2012 dropped to 2.4% year compared to 3.3% in 2011,
figures released today by Cyprus Statistical Service show.
In December 2012 inflation decelerated to 1.1% year on year, the lowest
level since October 2009 when it dropped to -0.8%.
According to CyStat, the decline is mainly due to the reduction in
electricity prices, fuel prices and potatoes. Prices rose in fresh
vegetables and liquid gas.
In November 2012, the rate of inflation declined to 1.2% year on year
whereas inflation in December 2011 was 3.9%. For December 2012 Consumer
Price Index declined by 10 units or 0.08% reaching 120.26 units compared
with 120.36 the previous month.
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