Cyprus HICP Inflation Steady At 0.9% – Markets Insider

(RTTNews) – Cyprus’ EU measure of inflation remained unchanged in June, preliminary data from the Statistical Service showed Tuesday.

The harmonized index of consumer prices rose 0.9 percent year-on-year, same as in May. The inflation rate had peaked at 2.1 percent in April.

In June, the food and non-alcoholic beverages, clothing and footwear, transport and communication segments registered declines.

Meanwhile, the utilities segment logged the biggest increase of 10.4 percent. Energy prices climbed 9.2 percent.

On a month-on-month basis, the HICP increased 0.3 percent in June.

In the January-June period, prices rose 1.2 percent from a year ago.

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