Cyprus Mail

Cyprus October consumer prices drop 1.6 pct y/y

Consumer prices in Cyprus dropped 1.6 per cent year on year in October, accelerating from a 1.0 per cent fall in September, official data showed on Thursday.

Cyprus’ statistics department said the consumer price index (CPI) showed declines on a yearly basis in the cost of utility bills, healthcare and education while food costs inched up 0.6 per cent. It was the fourth straight month of a decline, and the most pronounced this year.

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