Economy category powered by

Harmonised Index of Consumer Prices up 2.2% in August

The Harmonised Index of Consumer Prices rose by 2.2% between August 2023 and August 2024, and increased by 0.9% in the month between July 2024 and August 2024, with the largest increase noted in Services, according to data published by CySTAT.

For the period January – August 2024, the HICP rose by 2.3% compared to the corresponding period of the previous year.

Compared to August 2023, the largest increases were noted in Recreation and Culture (74%) and Restaurants and Hotels (5.6%).

Compared to July 2024, the largest increases were recorded in the categories of Restaurants and Hotels (2.1%), Food and Non-Alcoholic Beverages (1.7%) and Transport (1.5%).

For the period January - August 2024, compared to the corresponding period of the previous year, the largest increases was noted in Restaurants and Hotels (5.6%).

As regards the economic origin, the largest increase, both when compared to the index of August 2023 (4.2%) as well as when compared to the index of the previous month (1.8%), was recorded in category Services.

(Source: CNA)

Read More

Inflation at a three-year low rising at a rate of 0.7% in September
Cyprus approves strategy aiming to increase primary sector contribution to GDP
CySEC launches initiatives for World Investor Week
Retail trade records significant increase in volume and value in August
Central Bank of Cyprus revises up 2024 GDP forecast to 3.5%
Finance Minister submits 2025 State Budget to House
Government in close coordination on energy planning, Spokesperson says
Development expenditures rate in 2024 exceeds average of past decade
40 years of EU-funded research; €93.5b allocated up until 2027
Index of Industrial Output Prices down an annual 0.4% in August