Harmonized Inflation in Cyprus plummets in August

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Harmonized inflation in Cyprus marked the highest annual reduction in the last four years in August plunging to 2.9%, pushed downwards mainly by declining prices in Transport and Housing, Water, Electricity, Gas and Other Fuels, amid the coronavirus crisis. However, according to data released by the Cyprus Statistical Service (Cystat), the August Harmonized Index of Consumer Prices rose by 0,8% compared the July 2008, strengthened by Food and Non-Alcoholic Beverages, which rose by 2.2%. By economic origin and compared with August 2019, …

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