Inflation slightly up in May 2019

Inflation was slightly up this May compared to April and to May last year, data released by the Statistical Service, show on Thursday.

According to a Statistical Service press release, in May 2019, the Consumer Price Index increased by 0.14 units and reached 101.18 units compared to 101.04 units in April 2019.

Compared to May 2018, the CPI increased by 0.2%, the press release says.

In the twelve-month period from June 2018 to May 2019, compared to the period from June 2017 to May 2018, the annual average rate of change of the CPI was 2%.

The corresponding annual average rate of change of the CPI in the previous twelve-month period was -0.1%.

Compared to the index of May 2018 the greatest change in economic origin was recorded in Electricity (12.8%), while compared to the index of the previous month, Agricultural goods had the greatest change (-5.3%).

Compared to May 2018, the category Housing, Water, Electricity, Gas and Other Fuels recorded the largest positive change with a percentage of 5.3%, while the category Communication (-2.9%) had the largest negative change.

In comparison to the CPI of the previous month, the largest positive change was noted in Communication (3.2%), whereas Food and Non-Alcoholic Beverages (-1.8%) had the largest negative change.

For the period between January�May 2019, compared to the corresponding period of the previous year, the largest change was recorded in Housing, Water, Electricity, Gas and Other Fuels (7%).

Source: Cyprus News Agency