Cyprus Mail

February deflation rate seen at 2.6%, Cystat says

Consumer prices fell in February 2.6 per cent compared to the respective month of 2015 after they fell an annual rate of 0.8 per cent mainly on reduced energy prices, the statistical service said.

In January to February, the deflation was as a result 2 per cent, Cystat said in a statement on its website on Thursday.

In February, consumer prices also fell a monthly 0.8 per cent mainly on cheaper fresh vegetables, electricity and fuel offsetting an increase in the price of certain clothing items, Cystat said.

In February 2015, Cyprus posted a deflation rate of 1.4 per cent.

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