In­fla­tion drops

Financial Mirror (Cyprus) - - FRONT PAGE -

In­fla­tion dropped by 2.4% in July, com­pared to a drop of 2.1% the pre­vi­ous month, the Sta­tis­ti­cal Ser­vice said. In July 2014, in­fla­tion had in­creased at a rate of 0.9%. Based on the Har­monised In­dex of Con­sumer Prices, the drop in July for hous­ing, wa­ter, elec­tric­ity and gas was -9.2%, com­pared to the same month last year, while in­fla­tion on food and non-al­co­holic bev­er­ages also de­clined by -5.1%. Al­co­holic bev­er­ages and to­bacco, how­ever, saw a rise of 1.9%.

In­fla­tion in cloth­ing and footwear de­creased by -2.4%, in trans­port by -2.2% and in recre­ation and cul­ture by -1.8%.

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