In­fla­tion down 1.5% in Novem­ber

Financial Mirror (Cyprus) - - FRONT PAGE -

De­fla­tion­ary pres­sures were par­tially con­tained in Novem­ber, com­pared to the past seven months with the Har­mo­nized In­dex of Con­sumer Prices de­clin­ing for the 12th con­sec­u­tive month.

The in­fla­tion rate for Novem­ber de­creased at a rate of -1.5% com­pared to -1.8% in Oc­to­ber, ac­cord­ing to the Sta­tis­ti­cal Ser­vice.

The cor­re­spond­ing Novem­ber 2014 was 0%.

The fluc­tu­a­tion of the de­fla­tion over the past seven months was be­tween 1.7% and 2.4%. Af­ter July 2015, when the HICP dropped 2.4%, a de-es­ca­la­tion of de­fla­tion­ary pres­sures is be­ing ob­served.

In Jan­uary-Novem­ber, in­fla­tion stood at -1.6%, com­pared with the cor­re­spond­ing pe­riod last year.

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