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

AB CarVal Investments sells 3% of its shares in the Bank of Cyprus for €4.20 per share
Patsalides’ message to the banks over the risk to their image and reputation
Christodoulides: Cabinet approving purchase of 100,000 e-IDs
Accounting Refigured: The Mediterranean’s flagship event for Accounting innovation comes to Cyprus
Cyprus to present National Strategy to develop primary sector
Agriculture Ministry to tighten penalties for halloumi PDO violations
With a €40m plant in Tseri, Olympos has become a new major player in Cyprus’ Halloumi production industry
Chief scientist holds contacts in Japan to expand collaborations
Law Office Heads exchange views on judicial matters with officials from India
European Citizens' Initiative promotes active participation and empowerment