Inflation rate continues in negative territory for fifth consecutive month

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Cyprus’ annual inflation rate in October declined to 1.0% continuing deflationist pressures for a fifth consecutive month. According to data released on Thursday by the Cyprus Statistical Service (Cystat), in October 2019, the Consumer Price Index (CPI) increased by 0.40 units and reached 101.29 units compared to 100.89 units in the previous month. Compared to October 2018, the CPI decreased by 1%, marking the highest reduction rate this year. In the twelve-month period from November 2018 to October 2019, in comparison to the …

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