June CPI down on fruit, elec­tric­ity; in­fla­tion -2.4%

Financial Mirror (Cyprus) - - FRONT PAGE -

The Con­sumer Price In­dex for June de­creased by 0.18 units or 0.16% to 115.50 units com­pared to 115.68 in May mainly due to de­creases in the prices of cer­tain fresh fruit and elec­tric­ity.

The “food and non-al­co­holic drinks” sub-in­dex was down -1.95% from the pre­vi­ous month and -2.74% yearon-year, while the “hous­ing, wa­ter, elec­tric­ity and gas” sub in­dex de­creased marginally by 0.07% from May, but -9.17% year-on-year and -7.92% for 1H 2015 com­pared to the same pe­riod last year, in line with global price changes in crude oil con­tracts. In­creases in CPI have been recorded in the prices of air fares and re­tail petroleum prod­ucts. The “trans­port” sub-in­dex was up 1.8% from May to June, but down -2.89% year-on-year.

In­fla­tion for June de­creased by -2.4% com­pared to -2.0% in May and -1.2% in June 2014. For the first half pe­riod Jan­uary-June 2015, the CPI recorded a de­crease of -1.9% com­pared to the cor­re­spond­ing pe­riod of 2014.

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