Cyprus’s harmonised inflation rate in September 2024 reached its lowest level in 33 months, matching the 1.6% rate recorded in March of the same year, according to data released by the Statistical Service.
The harmonised consumer price index increased by 1.6% compared to September 2023 but decreased by 0.4% from August 2024.
For the January to September 2024 period, there was a 2.3% increase compared to the same period last year.
Recreation and Culture (7.4%) and Restaurants and Hotels (5.7%) showed the highest positive changes compared to September 2023. The most significant month-on-month changes were observed in Clothing and Footwear (5.9%), Transport (-5.3%), and Education (2.6%).
For the January to September 2024 period, the largest change was in the Restaurants and Hotels category, with a 5.6% increase compared to the same period in 2023.
The Energy category saw the most significant changes in economic categories, decreasing by 8.0% compared to September 2023 and by 2.9% compared to the previous month.
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