Annual inflation recorded at 1.1% in May

Annual inflation was recorded at 1.1% in May compared with the same month in the previous year, data released by the Cyprus Statistical Service, on Thursday, show. In May 2017, the Consumer Price Index (CPI) fell by 0.31 units to 99.70 units compared to 100.01 units in April 2017, a Statistical Service press release says. Compared to May 2016, CPI increased by 1.1% while for the period between January and May 2017, CPI also increased by 1.4% compared to the same period of the 2016

Source: Cyprus News Agency