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Cyprus Inflation August 2020

Cyprus: Consumer prices fall year-on-year for fifth month running in August

Consumer prices rose 0.59% from the previous month in August, following July’s 0.76% decline. August’s increase was primarily driven by higher prices for food and non-alcoholic beverages, and communication.

Consumer prices dipped 1.2% on an annual basis in August, after having dropped 1.5% in July. Meanwhile, the annual average variation in consumer prices came in at minus 0.5% in August, down from July’s minus 0.4%. Lastly, harmonized consumer prices tumbled 2.0% year-on-year in July (June: -2.2% year-on-year), which is the latest month for which data is available.

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