Cyprus inflation moderates in October

The pace of inflation moderated in October according to the latest figures from the Statistical Service.
The consumer price index (CPI) increased by 0.80%, mainly owing to increases in the prices of certain clothing and footwear items, gas and poultry.
Decreases were recorded in the prices of certain fresh fruit and vegetables.
After four months of increase, the annual rate of inflation dropped in October to 3.0% compared with 3.5% in September 2010 and 3.2% in August.
In October 2009 there was a negative inflation of -0.8%.
In the period January-October 2010, the CPI rose by 2.6% over the corresponding period of 2009.
The largest rise has been in the category of “housing, water, electricity and gas”, which has been pushed up by increases in electricity tariffs.
The next highest increase was in the price of education, which rose by 4.8% in the first nine months of the year compared with the same period of 2009.