Cyprus’ EU measure of inflation decreased at a stable pace in September, figures from the Statistical Service showed Tuesday.
The harmonized index of consumer prices fell 1.9 percent year-over-year in September, the same rate of decline as in the prior month. Prices have been falling since December last year.
The annual decline in September was largely caused by a 9.1 percent sharp fall in utility costs. Prices of food and non-alcoholic beverages dropped 1.3 percent and that for clothing and footwear went down by 1.1 percent.
At the same time, prices of alcoholic beverages and tobacco grew 2.1 percent in September from a year ago.
The material has been provided by InstaForex Company – www.instaforex.com