Cyprus December ’09 inflation rises to 2.0%

Cyprus' inflation for December 2009 rose to 2.0% compared to 1.4% in November 2009 and 2.1% in December 2008, Cyprus' Statistical Service announced on Tuesday.

The Consumer Price Index (CPI) for December 2009, decreased by 0.35 units or 0.31% to 112,60 units compared to 112.95 in November 2009, a decline attributed mainly to decreases in the prices of certain fresh vegetables, potatoes and diesel for central heating. Increases have also been recorded in the prices of certain clothing items and petrol and diesel for motorcars.

The rate of inflation for December 2009 rose to 2.0% compared to 1.4% in November 2009 and 2.1% in December 2008.

For the period January-December 2009, the CPI recorded an increase of 0.3% compared to the corresponding period of 2008, which is the lowest annual inflation rate since 1965.