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Precision shock in households-Decades record in inflation

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Next Household Accuracy Shock-Decades of Inflation Record HOME • INSIDER • CYPRUS • Household Accuracy Shock-Decades of Inflation Record

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& nbsp & nbspTheano & nbsp; Thiopoulou & nbsp; & nbsp; Cypriot households are facing a new inflation shock, which reached a decade-long record of 8.6% in April, which significantly reduces the purchasing power of incomes and worsens the standard of living, as the wave of accuracy increases every year. month with speed and seems to be away the day that will record a decrease.

The preliminary estimate announced yesterday by Eurostat for April, shows that inflation in Cyprus is estimated at 8.6%, from 6.2% in March, 5.8% in February, 5% in January and 1.2% in April 2021.

READ ALSO: & nbsp; Electricity bills in Cyprus increased by 36%

Eurozone annual inflation is expected to average 7.5% in April 2022, up from 7.4% in March, according to Eurostat estimates. Inflation in Cyprus has exceeded the average inflation in the Eurozone, in contrast to the last months, which were below average, something that the Ministry of Finance pointed out many times with satisfaction. Characteristic of the jump made by Cyprus is that in April the price index increased by 3.1%, compared to March.

Yesterday's Eurostat estimate predicts that the consumer price index that will announced by the Statistical Service of Cyprus on May 5 will most likely increase by about one percentage point for April, ie just below 10%! Estonia has the saddest first in inflation (19%) and Malta has the lowest, with 4.9%. The ongoing energy crisis in the EU and the risk of its worsening due to possible reductions in Russian gas supplies are likely to make matters worse in the coming months.

Source: www.philenews.com

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