Cyprus: Consumer prices, on an annual basis, dip for sixth successive month in November
Consumer prices rose 0.3% from the previous month in November, following October’s 0.4% month-on-month climb. According to the Statistical Service of Cyprus (CYSTAT), the reading mainly reflected an increase in prices for food and non-alcoholic beverages, and housing and utilities.
Consumer prices, on an annual basis, fell 0.5% in November, less sharply than the 1.0% decline logged in October and marking the sixth consecutive month of falling prices. Meanwhile, annual average inflation slipped to 0.3% in November from 0.6% in the previous month. Lastly, harmonized prices fell 0.5% on an annual basis in October, which is the latest month for which data is available, following their 0.5% dip in September.