Cyprus HICP inflation shows uptick in December

Inflation accelerated in December according to the EU-harmonised consumer price index (HICP), with prices rising over the year earlier by 1.9%, compared with 1.7% in November.
However, this was lower than the EU average for December, which Eurostat reported at 2.2%.
For the year as a whole the HICP inflation rate was 2.6% in 2010, up from only 0.2% in 2009.
The national consumer price inflation rate in the same period was 2.4%.
As with the national index, the largest rise was recorded in housing, water, electricity and gas, which has been influenced by rising oil prices and higher electricity tariffs. FM