Insider Business Deflation for the fifth consecutive month in April

Deflation for the fifth consecutive month in April

Cyprus experienced deflation for the fifth consecutive month in April 2018, based on Harmonized Price Index.

According to the Statistical Service of Cyprus the Harmonized Price Index for April 2018 decreased by 0,3% when compared to April 2017, while compared to March of 2018 increased by 1,1%. For the period January-April 2018 the HICP recorded a decrease of 0,6% compared to the corresponding period of the previous year.

Compared to April 2017, the largest change was noted in Clothing and Footwear (-3,3%).

In comparison to HICP of March 2018, the largest change was recorded in Clothing and Footwear (5,5%).

For the period January-April 2018, compared to the corresponding period of the previous year, the largest change was noted in Clothing and Footwear (-4,9%).

As regards to the economic origin, the largest change when compared both to the index of April 2017 and to the index of the previous month, was observed in Non Energy Industrial Goods with percentage of -2,3% and 1,5% respectively.

CNA

Top Stories

162 new cases, five deaths announced on Monday

The Health Ministry announced the death of five persons due to COVID-19. This raises the death toll from the virus in Cyprus to 175,...

Where to get antigen rapid tests on Tuesday

The Health Ministry announced the following antigen rapid test sites for Tuesday, 19 January 2021: LIMASSOL Apostle Loucas Church, Agios Athanasios 08:30-16:30 Agios Stylianos Church, Linopetra 08:30-16:30 Cultural...

Searches for 70 year old woman missing at sea suspended due to bad weather

Searches to find a 70 year old woman missing off the Phiikoudes beach in Larnaca have been suspended due to extremely bad weather conditions...

Tourist arrivals plunge by 84% in 2020 in one of Cyprus’ worst tourist seasons due to Covid

Tourist arrivals in Cyprus reached a mere 631,609 plunging by 84.1% year on year in one of the worst ever season for Cyprus’ tourist...

Germany demands release of Kremlin critic Navalny

Germany on Monday demanded the release of Kremlin critic Alexei Navalny, detained on Sunday on his return to Russia, and said it would discuss...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...