Cyprus comes out of deflation in November

Cyprus moved decisively out of deflation in November as prices rose by 1.36% over the same period of the previous year, having fallen for four months in a row previously.
Prices had fallen compared with the same month of the previous year by 0.80% in October, 1.23% in September, 0.99% in August and 0.80% in July.
Compared with the previous month, prices rose by 1.16%. The Statistical Service said that this was mainly owing to increases in the prices of certain fresh vegetables and fruit, potatoes, certain clothing and footwear items and petrol and diesel for motor cars.
Decreases were recorded in the prices of diesel for central heating, hotels and tourist apartments.
For the period January-November 2009, the CPI recorded an increase of just 0.2% compared to the corresponding period of 2008.