Cyprus Consumer Prices Fall 0.4%

(RTTNews) - Cyprus' consumer prices decreased for the second straight month in June, preliminary data from the statistical office showed on Thursday.

The consumer price index dropped 0.4 percent year-on-year in June, following a 0.2 percent fall in May, which was the first decline since April 2021.

Transport charges dropped notably by 4.3 percent from last year, and utility costs also logged a further decline of 2.2 percent. Costs for food and non-alcoholic beverages were 0.9 percent less expensive.

On a monthly basis, consumer prices fell 0.3 percent in June.