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Wednesday, November 29, 2023

Increase in annual inflation in Cyprus

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Decreasing in the EU according to Eurostat

Αύξηση του ετorσιου πληθωρισμ&omicron ;ύ στην Κύπρο

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The annual inflation in Cyprus rose to 4.3% in September 2023 from 3.1% in August, while in September 2022 it was at 9.0%, according to data from which was published by Eurostat, the statistical agency of the European Union.

In the eurozone, annual inflation in September stood at 4.3%, down from 5.2% in August, while In September 2022 it was at 9.9%.

In the EU annual inflation fell to 4.9% from 5.9% in August. A year earlier, the index stood at 10.9%.

The lowest annual inflation rates in September were recorded in the Netherlands (-0.3%), Denmark (0 .6%) and Belgium (0.7%). The highest were recorded in Hungary (12.2%), Romania (9.2%) and Slovakia (9.0%).

Compared to August, annual inflation fell in twenty-one Member States, remained stable in one and rose in five (including Cyprus).

In September, the largest contributor to annual eurozone inflation was had services (+2.05 percentage points, pp), followed by food, alcohol and tobacco (+1.78 pp), non-energy industrial goods (+1.06 pp) and energy (-0.55 pm).

Source: www.kathimerini.com.cy

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