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Cyprus Inflation January 2020

Cyprus: Inflation climbs to nine-month high in January

Consumer prices fell 0.6% from the previous month in January, following December’s 0.2% month-on-month dip. According to the Statistical Service of Cyprus (CYSTAT), the reading mainly reflected a sizeable drop in prices for clothing and footwear.

Inflation climbed to a nine-month high of 1.1% in January from 0.7% in December, which had marked a break in six consecutive months of falling prices. Meanwhile, annual average inflation ticked down to 0.2% from 0.3% in December. Lastly, harmonized inflation edged up to 0.7% in December 2019, which is the latest month for which data is available, from 0.5% in November.

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