Cyprus’s harmonised consumer price index (HICP) rose 1.6% in October 2024 compared to the same month last year, according to data released by the Statistical Service.
On a monthly basis, the index decreased slightly by 0.2% compared to September 2024.
For the January-October 2024 period, HICP recorded an increase of 2.2% compared to the same period last year.
Recreation and Culture showed the highest annual increase at 7.4%, followed by Restaurants and Hotels at 5.3%, and Food and Non-Alcoholic Beverages at 5.0%, when compared to October 2023.
Monthly data showed the most significant changes in Clothing and Footwear, which increased by 3.1%, while Restaurants and Hotels decreased by 2.0% compared to September 2024.
For the January-October 2024 period, Restaurants and Hotels recorded the largest increase at 5.6% compared to the same period in 2023.
Energy prices showed the most substantial changes among economic categories, falling by 10.7% year-on-year and declining by 1.5% month-on-month in October.
Read more:
