Deflationary Pressures Continue in February

Deflationary pressures continued to build in February, with the Consumer Price Index recording a drop for the 32nd consecutive month.
According to data released by the Cyprus Statistic Service on Thursday, inflation fell by 2.6% in February compared to a drop of 1.4% in February of 2015.
This February was the 32nd month in row recording deflation. Deflationary pressures started to build in July 2013.