Cyprus: Consumer prices, on an annual basis, fall for fourth consecutive month in September
Consumer prices rose 0.6% from the previous month in September, following August’s 0.3% month-on-month increase. According to the Statistical Service of Cyprus (CYSTAT), the reading main reflected a sharp rise in prices for clothing and footwear.
Consumer prices, on an annual basis, fell 0.9% in September, more sharply than the 0.7% slip logged in August and marking the fourth consecutive month of falling prices. Meanwhile, annual average inflation declined to 0.9% in September from 1.3% in the previous month. Lastly, harmonized inflation for August—the latest month for which data is available—came in at 0.6%, up from 0.1% in July.