Cyprus inflation eases in May–UPDATE for HICP

The consumer price inflation rate eased to 1.6% in May from 2.4% in April, largely thanks to a fall in food price relative to the previous year.
Compared with the previous month, the index fell by 0.08% to 112.67.
The Statistical Service reported that this was mainly owing to decreases in the prices of certain fresh vegetables and motor cars.
Increases were recorded in the prices of certain fresh fruit, electricity, air fares, petroleum products and newspapers.
For the period January-May 2010, the CPI recorded an increase of 2.3% compared with the corresponding period of 2009.
Meanwhile, the EU-harmonised inflation rate (HICP) rose by 1.8% in May, compared with 2.5% in April 2010 and 0.5% in May 2009.
For the period January-May 2010, the HICP recorded an increase of 2.4% compared with the corresponding period of 2009.