Cyprus November inflation halves to 1.5% y/y

Cyprus's consumer price inflation fell sharply to 1.5% year-on-year in November from 3.0% a month earlier due to a drop in food prices and electricity costs.
The consumer price index (CPI) fell 0.37% on a monthly basis to 114.63 points.
A drop in the November inflation rate, in addition to the upsurge of the preceding three months, was to a large degree the result of prevailing prices of fresh fruits and vegetables, the statistics department said.
For the January to November period, the CPI tracker recorded an increase of 2.5% compared to the corresponding period of 2009, it said.