Cyprus inflation remains high as euro area expectations ease

Euro area consumers became slightly more optimistic about inflation and economic growth in July, although the latest European Central Bank (ECB) survey comes as Cyprus continues to face significantly stronger price pressures than the wider euro area.

The ECB has reported that median consumer expectations for inflation over the next 12 months fell to 2.9 per cent in July from 3 per cent in June.

Expectations for inflation over the