Cyprus inflation rises to 4.2 per cent, as eurozone inflation falls to 2.7 per cent

Cyprus annual inflation reaches 4.2 per cent in December 2011

Annual inflation in Cyprus recorded an increase during the month of December 2011, while subsideing on average in the EU and the Eurozone. 

According to Eurostat data the annual inflation rate rose to 4.2 per cent in Cyprus, up from 4 per cent in November. 

Euro area annual inflation was 2.7 per cent in December 2011, down from three per cent in November, while a year earlier the rate was 2.2 per cent. 

EU annual inflation was three per cent in December 2011, down from 3.4 per cent in November. A year earlier, the rate was 2.7 per cent. 

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.