Cyprus' producer price inflation accelerated in May, after weakening in the previous month, data released by the statistical office showed Friday.
The producer price index increased 8.4 percent on an annual basis in May, after rising 7.7 percent in April. In March, output prices advanced 8.1 percent.
Output prices of goods sold in the domestic market grew 9.1 percent annually, while prices in the overseas market decreased 0.3 percent.
Prices in the manufacturing industry advanced 2.1 percent annually during the month, while mining and quarrying prices edged down 0.5 percent. There was a 34.9 percent year-on-year growth in costs of electricity in May, data showed.
On a monthly basis, output prices moved up 1.9 percent in May. In the January-May period, prices increased 8.1 percent from the corresponding period a year earlier, the agency said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.