Cyprus Mail

June inflation seen at -2.2%, Cystat says

Consumer prices fell 2.2 per cent in June, compared with the respective month of 2015 – after falling 2.1 per cent in May – mainly on reduced electricity prices, cheaper airfares and fuel, the statistical service said.

Compared with May, consumer prices fell 0.1 per cent in June as the reduced prices for fruits, clothing, electricity, and other goods and services more than offset the monthly price hikes in vegetables, fuel and airfares, Cystat said in a statement on its website on Thursday.

In the first half of the year, Cyprus posted a 2.2 per cent deflation, Cystat said.

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