Cyprus recorded annual deflation of 1.2% this August, data released by the Cyprus Statistical Service on Thursday show, CNA reports.
In August 2020, the Consumer Price Index “increased by 0.58 units and reached 99.10 units compared to 98,52 units in July 2020. Compared to August 2019, the CPI decreased by 1.2%,” a CyStat press release notes.
For the period January-August 2020, the CPI fell by 0.5% compared to the corresponding period of the previous year, it continues.
Regarding the economic origin, the greatest changes when compared to the index of August 2019 were recorded in Electricity and Petroleum products with percentages of -22.7% and -11.7% respectively, while in comparison to the index of the previous month, the largest change was monitored in Agricultural goods with a percentage of 8.1%.
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