Harmonised inflation seen at 0.5% as hotels, resturants hike prices

Click For Larger Image & Read More
Harmonised inflation seen at 0.5% as hotels,...
 © BusinessMail 2017
By Stelios Orphanides

The harmonised consumer price index rose last month an annual 0.5 per cent mainly as the island’s hospitality industry passes energy price increases to consumers as it operates on full capacity, the statistical service said.

From January to August, the harmonised annual inflation rate was 1 per cent, Cystat said in a statement on its website on Tuesday. Compared with the month before, consumer prices rose 1 per cent in August.

Energy prices rose last month 6 per cent compared with August 2016 and services rose 2.1 per cent, Cystat said. This was offset...


Harmonised inflation seen at 0.5% as hotels, resturants hike prices


The contents of this article including any associated images are © BusinessMail 2017

Advertise Here

Trending Cyprus News

Article Tags: harmonised, inflation, hotels, resturants, prices,

 

Advertise Here

24hr News