Cyprus Annual Inflation Quickens In May


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Consumer price Inflation in Cyprus accelerated in May, data released by the Statistical Service showed Thursday.
The consumer price index increased 3.88 percent year-on-year in May,
faster than the 3.28 percent growth recorded in April. In May 2010, the Inflation was 1.6 percent.
Prices of food and non-alcoholic beverages advanced 6.04 percent, while
clothing and footwear prices moved up by 3.14 percent during the month.
There was a 9.62 percent growth in housing costs and prices of water,
electricity and gas. Prices in the transport sector rose 4.30 percent
annually in May.
Month-on-month, consumer prices grew 0.5 percent during the month, after rising 1.16 percent in April.
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