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Cyprus harmonised inflation at -0.9% in March

09 April, 2014

The harmonised rate of inflation stood at -0.9% in March and -1.3% in February, while the corresponding rate in March 2013 was 1.3%.
Food and non-alcoholic beverages sector recorded a decrease of -2% in March compared to March 2013, while housing, water, electricity and gas sector recorded a decrease of -8.4%.
Clothing and footwear sector increased by 5.5% while alcoholic beverages and tobacco sector increased by 3.1%
During the period of January – March, the harmonised index of consumer prices (HICP) was -1.2%, compared to the correspondent period of 2013. During the first two months of 2014, the index was 1.4% compared to the corresponding period of last year.