Tag: deflation

08 May 2016 Higher oil prices will affect your pocket

Statistics released on Thursday showed that Cyprus recorded its 34th month of deflation in April. According to the national consumer price index (CPI), prices fell by 2.5% over the year earlier, the same pace of decline as in March. The last time prices actually increased compared with the same month of the previous year was June 2013, when a tiny increase of 0.1% was recorded.