CPI driven up in June by dearer veg, phone charges and electricity

The Consumer Price Index in June increased by 0.34 units or 0.29 per cent to 118.37 units compared to 118.03 in May.  This was mainly due to increases in the prices of certain fresh vegetables, certain telephone charges and electricity.  A decrease has been recorded in the price of potatoes.

The rate of inflation for June decreased -1.2 per cent compared to -1.4 per cent  in May  and +0.1 per cent in June 2013.

For the period January-June 2014, the CPI recorded a decrease of -2.0 per cent compared to the corresponding period of 2013.

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.