Cliff on the ocean in Cyprus

Cyprus Inflation December 2019

Cyprus: Consumer prices, on an annual basis, return to growth after six consecutive months of decline in December

Consumer prices fell 0.2% from the previous month in December, contrasting November’s 0.3% month-on-month increase. According to the Statistical Service of Cyprus (CYSTAT), the reading mainly reflected a drop in housing and utilities costs, and transport prices.

Consumer prices, on an annual basis, rose 0.7% in December, rebounding from their 0.5% decline logged in November and breaking a streak of six consecutive months of falling prices. Meanwhile, annual average inflation held steady at the previous month’s 0.3%. Lastly, harmonized prices rose 0.5% on an annual basis in November, which is the latest month for which data is available, contrasting their 0.5% dip in October.

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