Cyprus inflation moderates in March

Inflation in Cyprus moderated in March, after a rapid build-up in the preceding months, according to the latest data from the Statistical Service.
The consumer price index in March 2010, increased by 2.4% compared with March 2009, having risen by 2.9% in February 2010.
However, this rate of inflation remains significantly higher than the 1.1% recorded in March 2009.
Compared with the previous month, the index rose by 0.96% to 111.98.
The Statistical Service reported that this was mainly due to increases in the prices of certain clothing and footwear items after the end of the winter sales, as well as to increases in the prices of petroleum products.
Decreases were recorded in the prices of certain fresh vegetables and soft drinks.
For the period January-March 2010, the CPI recorded an increase of 2.6% compared to the corresponding period of 2009.