Cyprus CPI down in August, up YoY

The Consumer Price Index (CPI) for August dropped marginally by 0,12 units or 0,10% to 117,92 units compared to 118,04 in July. The decrease is mainly due to drop in the cost of electricity, salaries of foreign housemaids and certain fresh fruit. Increases were recorded in the prices of certain fresh vegetables, petroleum products and charges for medical treatment in government hospitals.
The rate of inflation for August decreased by -0,9% compared to -0,3% in July and 2,7% in August 2012. The rate of inflation is negative for the fourth time in 2013.
For the period January-August, the CPI recorded an increase of 0,3% compared to the corresponding period of 2012.