May inflation drops to two-year low

Inflation in Cyprus, in May, dropped to 3.01%, a two-year-low, continuing its downward trend for the seventh consecutive month, mainly due to a fall in fuel prices. According to data released by the Cyprus Statistical Service, the consumer price index (CPI) increased by 0.33 units in May to 114.72 units, compared to 114.39 units in April-2023. For the period January to May...