Cyprus Mail

May consumer prices drop 2.1% on cheaper energy, Cystat says

The consumer price index fell an annual 2.1 per cent in May, mainly due to cheaper fuel, electricity, and airfares, which offset the impact of the more expensive clothing and vegetables, the statistical service said.

Consumer prices rose a monthly 6.2 per cent in May mainly on more expensive energy products, fruit and vegetables, and services, which countered a marginal drop in the cost of mobile telephony, Cystat said in a statement on its website on Thursday.

In January to May, consumer prices fell 2.2 per cent compared to the respective period of 2015, Cystat said. In the twelve-month period from June 2015 to May 2016, consumer prices fell an annual 2.3 per cent after falling 1.2 per cent in the respective period a year before.

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