Economy category powered by

October inflation declines to lowest point in over three years at 0.6%

15:46 - 07 November 2024

Economy

The annual inflation rate in Cyprus declined to 0.6% in October, marking its lowest reading in more than three years, driven down mainly by the reduced prices in petroleum products.

According to CyStat, in October 2024, the Consumer Price Index increased by 0.16 units to 118.64 units compared to 118.48 units in September 2024.

The annual change stood at 0.6%, whereas for the period from January to October 2024, the CPI increased by 1.8% year on year.

By economic categories the largest annual reduction was registered in Petroleum Products with 12.75%.

Compared with September 2024, the largest change was recorded in Agricultural Products with -2.17%.

News Feed

Read More

The areas with the highest demand for houses and apartments across Cyprus
Cyprus lags behind on adult learning, re-skilling labour force, EU's ESDE report says
Cyprus Integrity Forum briefs Justice Minister on actions and initiatives
Panayiotou in Brussels for EU Council, to meet Commissioners Kadis and Hansen
President unveils €105m projects for Kato Pyrgos, Polis and Latchi
Research Deputy Minister attends EU Telecommunications Council
Finance Minister in Brussels for Eurogroup and Ecofin meetings
Beer deliveries down 33% in November year-on-year
Starmer in Nicosia on 10 December to discuss Cyprus issue, bilateral ties, regional situation
Finance Minister highlights importance of tax reform in efforts to strengthen the economy