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

What it’s like to work at Wrike
CyRIC coordinatin Code: Re-farm project
e-kofini app available for consumers
Plenary accepts presidential referral of law on cash transactions for goods/services
Cyprus's Corporate tax rate increase to 15%: A new chapter in tax law
Christina Kokkalou: Organic growth, strengthening presence, open to mergers or strategic partnerships
Hermes Airports' contract has officially been extended
Turnover Value Index of Wholesale Trade records 4.6% increase in Q3
Balram Chainrai has "checked-in" to Rodon Hotel, acquiring 2.67% of its shares
Bank of Cyprus announces measures to support the Cypriot economy and its customers