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Cyprus' CPI shows inflation -0,6% in December 2017 - CyStat

Cyprus' CPI shows inflation -0,6% in December 2017 - CyStat
In December 2017, the Consumer Price Index (CPI) decreased by 0,41 units to 99,03 units compared to 99,44 units in November 2017. Compared to December 2016, CPI is decreased by 0,6%, while for the period January - December 2017, CPI is increased by 0,5% compared to the corresponding period of the previous year.

In the twelve-month period from January 2016 to December 2016, the annual average rate of change of the CPI was -1,4%.

As regards the economic origin, the largest change was recorded in Agricultural goods with a decrease of -9,2% and -5,5% when compared to the index of December 2016 and November 2017 respectively.

Compared to December 2016, the largest change was noted in Food and Non-Alcoholic Beverages(-4,3%).

In comparison to the CPI of November 2017, decrease was recorded in Food and Non-Alcoholic Beverages(-2,5%).

For the period January – December 2017, compared to the corresponding period of the previous year, the largest positive change was noted in Housing, Water, Electricity, Gas and Other Fuels (5,1%). Decrease was recorded in Alcoholic Beverages and Tobacco (-2,2%).

The categories with the largest negative effect on the change of the CPI of December 2017 when compared to December 2016 was the Food and Non-Alcoholic Beverages (-0,70).

The category with the largest negative effect on the change of the CPI compared to the previous month, was the Food and Non-Alcoholic Beverages (-0,40).

Vegetables (-0,44) had the most notable negative effect on the change of the CPI of December 2017 compared to December 2016, whereas petroleum products (0,19) had the biggest positive effect.

Finally, vegetables (-0,27) had the most negative effect on the change of the CPI of December 2017 compared to the previous month./IBNA

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