Cyprus Mail

Harmonised inflation rose to over 9 per cent in June

cyprus business now inflation supermarket

Harmonised inflation rose to 9.1 per cent in Cyprus in June compared with June last year, marking a new historic record, pushed by the soaring prices in energy.

According to a flash estimate issued by Eurostat, annual inflation in the Eurozone amounted to 8.6 per cent in June from 8.1 per cent the previous month.

As regards the components, energy rose to 41.9 per cent followed by food and tobacco with 8.9 per cent, non-energy industrial products with 4.3 per cent while inflation in services declined marginally to 3.4 per cent (compared with 3.5 per cent in May).

According to Eurostat, core inflation (excluding energy and unprocessed food) amounted to 4.6 per cent from 4.4 per cent in May, while excluding energy, food and tobacco it amounted to 3.7 per cent from 3.8 per cent in May.

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