Cyprus Mail

October deflation rate remains unchanged at -2.5%, Cystat says

By Stelios Orphanides

Consumer prices dropped an annual 2.5 per cent in October, as the deflation rate remained unchanged as in September, the statistical service said.

The drop in the consumer price index was mainly on reduced prices for housing, electricity, water and liquefied gas and petrol prices which fell in October 11 and 5.9 per cent compared to a year before respectively, Cystat said in a statement on its website on Thursday. Alcoholic beverages and tobacco as well as clothing and footwear became in October 1.9 per cent and 0.6 per cent respectively more expensive compared to a year before.

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