Cyprus harmonised inflation follows CPI downwards

The annual harmonised consumer price inflation (HICP) rate continued to fall in Cyprus last month, with prices rising by just 0.1% in June 2009 compared with June 2008.
The consumer price index in the same period rose by 0.2%.
However, the fall masks big changes across the different categories. Whereas oil-related prices have fallen steeply, other prices have climbed.
Prices of transport were 10.7% lower in June 2009 than June 2008 according to the EU-harmonised index, while prices of housing, water electricity and gas were 10.4% lower.
The main year on year increases in 2009 have been in food and non-alcoholic beverages, up 6.9% in June; healthcare up 7.6%; education (4.6%); and restaurants and hotels (4.5%).