Cyprus: Harmonized inflation rises in June
Latest reading: Harmonized inflation came in at 0.5% in June, up from May’s 0.4%. Looking at the details of the release, prices for hospitality rose at a faster clip while transport prices fell at a slower pace. That said, price pressures for food plus housing and utilities softened.
Annual average harmonized inflation fell to 1.9% in June (May: 2.1%). Meanwhile, consumer prices fell 0.4% on an annual basis in June, which was a larger fall compared to May’s 0.2% decrease.
Lastly, harmonized consumer prices rose 0.42% from the previous month in June, accelerating from May’s 0.23% increase.