Thursday, August 2, 2007

Cyprus inflation up at 2.4 pct. in July

Consumer prices in Cyprus rose 2.4 percent on the year in July, up from a 1.9 percent annual rate in June, the national statistics service said Thursday.

The largest year-on-year increase came from sharply higher prices for health care costs, which were up 6.41 percent. Prices in the heavily weighted index for food and nonalcoholic beverages, were up 6.31 percent.

Education costs were also 4.87 percent higher on the year.

Source: Business Week