May inflation drops to two-year low

May inflation drops to two-year low
May inflation drops to two-year low
 © FinancialMirror 2024
Annual inflation in Cyprus dropped to 3.01% in May, continuing its downward trajectory for a seventh consecutive month, mainly driven by the reduction of fuel prices. Price inflation in May marked the lowest point in the last two years. According to data released by the Statistical Service, the Consumer Price Index in May increased by 0.33 units reaching 114.72 units compared to 114.39 units in April. For the first four months of January-May, the CPI increased by 5.2% compared to the same period last year. The reduction was mainly driven...


Click to view: Cyprus News Headlines Today - Live

Article automatically added to our system on Thursday, June 1, 2023

May inflation drops to two-year low


Contents of this article including associated images are © FinancialMirror 2024
Views & opinions expressed are those of the author and/or FinancialMirror .

Article Tags: #inflation   #drops  


Advertise Here