Cyprus Mail
Business Cyprus

July inflation rate at 2.3%, Cystat says

The consumer price index rose 2.3 per cent year-on-year in July mainly on higher energy prices, the statistical service said.

Fuel prices rose an annual 14 per cent last month while electricity prices rose 11 per cent, Cystat said in a statement on Thursday.

Prices for agricultural products and services rose 5 per cent and 2 per cent respectively. The increases were partially offset by a 0.4 per cent decrease in the price of industrial products, accompanied by a 2.8 per cent reduction in water prices.

In the first seven months, consumer prices rose an annual 0.6 per cent compared with the respective period last year, Cystat said. The inflation rate in June was also 2.3 per cent.

Related posts

Efforts underway to resolve ban on flights to Russia

George Psyllides

Hellenic Bank sees profit of €40 million after tax for nine-month period

Andrew Rosenbaum

Findings of probe into teen suicide being handed over to AG on Tuesday

George Psyllides

Exhibition sheds light on fishermen’s stories

Eleni Philippou

Police arrest suspected con man

George Psyllides

Coronavirus: Close to 3,000 checks, 36 booked

Annette Chrysostomou