Thursday, February 5, 2009

Cyprus Inflation Falls to 1.1 Per Cent

NICOSIA, Feb 5 (Reuters) - Cyprus's consumer price inflation eased to 1.1 percent year on year in January from 2.1 percent in December, the statistics department said on Thursday.

On a monthly basis, the consumer price index (CPI) decreased by 2.34 percent to 107.76 units. The fall was primarily due to decreases in the prices of clothing and footwear, and a reduction in the cost of fuel and electricity bills.

Source: Reuters

Dominic Farrell