The annual inflation rate in Cyprus was 8.6% in October, compared to 10.6% in the euro area and 11.5% in the European Union, according to figures published by Eurostat, the statistical office of the European Union.
In September, the annual inflation rate in Cyprus was at 9.0%, while a year earlier in October 2021 it stood at 4.4%.
The euro area annual inflation rate was at 9.9% in September and at 4.1% a year earlier. In the EU, was at 10.9% in September and at 4.4% a year earlier.
The lowest annual rates among member states were registered in France (7.1%), Spain (7.3%) and Malta (7.4%).
The highest annual rates were recorded in Estonia (22.5%), Lithuania (22.1%) and Hungary (21.9%).
Compared with September, annual inflation fell in eleven Member States, remained stable in three and rose in thirteen.
In October, the highest contribution to the annual euro area inflation rate came from energy (+4.44 percentage points, pp), followed by food, alcohol & tobacco (+2.74 pp), services (+1.82 pp) and non-energy industrial goods (+1.62 pp).
Source: Cyprus News Agency