Cyprus inflation rises to 4.2% in June

Cyprus's inflation increased to 4.2 percent in June comparing to 3.9 percent in May and 1.9 percent in June 2010, according to data released Tuesday by its Statistical Service.

Cyprus Consumer Price Index (CPI) for June 2011 increased by 0.58 units or 0.5 percent to 117.62 units comparing to 117.04 in May 2011.

The rise is attributed mainly to increases in the prices of fresh vegetables, textile, electricity and air fares. Decreases have been recorded in the prices of petroleum products and potatoes, the Statistical Service notes.

For the period January-June 2011, the CPI recorded an increase of 3.3 percent compared to the corresponding period of 2010, it said.

Source:Xinhua

	Weekly review