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Cyprus HICP Inflation Slows In January

Cyprus' EU measure of inflation slowed in January, data released by the statistical office showed Friday.

The harmonized index of consumer prices (HICP) increased 3.1 percent in January, slower than the 4.2 percent growth recorded in December.

Prices of food and non-alcoholic beverages advanced 6.7 percent annually, while housing costs and utility prices climbed 10.2 percent.

There was a 1.5 percent annual growth in transportation costs, and a 1.3 percent fall in clothing and footwear prices during the month.

by RTTNews Staff Writer

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