CYPRUS: Annual price inflation slightly up 0.2% in May

Inflation was slightly up in May compared to April and to May last year, data released by the Statistical Service showed.

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In May, the Consumer Price Index increased by 0.14 units and reached 101.18 units compared to 101.04 units in April 2019.

Compared to May 2018, the CPI increased by 0.2%.

In the 12-month period from June 2018 to May 2019, compared to the period from June 2017 to May 2018, the annual average rate of change of the CPI was 2%. 

The corresponding annual average rate of change of the CPI in the previous 12-month period was -0.1%. 

Compared to the index of May 2018 the greatest change in economic origin was recorded in Electricity (12.8%), while compared to the index of the previous month, Agricultural goods had the greatest change (-5.3%).

Compared to May 2018, the category Housing, Water, Electricity, Gas and Other Fuels recorded the largest positive change with 5.3%, while the category Communication (-2.9%) had the largest negative change. 

In comparison to the CPI of the previous month, the largest positive change was noted in Communication (3.2%), whereas Food and Non-Alcoholic Beverages (-1.8%) had the largest negative change. 

For the five-month period January–May 2019, the largest change was recorded in Housing, Water, Electricity, Gas and Other Fuels (7%).