Cyprus' inflation drops for tenth consecutive month

Contributed by NAMPA / Xinhua.

NICOSIA, Feb. 23 (Xinhua) -- Cyprus' inflation declined for a tenth consecutive month in January, reflecting the under-functioning of the economy as a result of the COVID-19 pandemic, according to data released on Tuesday by the Statistical Service, CyStat.
A CyStat statement said that the Harmonized Index of Consumer Prices dropped to 98.41 units in January from 99.24 units in December 2020, recording reduction of 0.8 percent both on a monthly and annual basis.
Inflation remained in negative te ...