The Harmonized Index of Consumer Prices (HICP) in Cyprus continued decelerating for the fourth consecutive month in November 2022.
According to data published by the Statistical Service of Cyprus (CyStat) November 2022 harmonised inflation amounted to 8.1% compared with November 2021 while HICP dropped by 0.4%.
The harmonized inflation rate increased with a reduced pace for fourth consecutive month since the peak of 10.6% registered in July 2022.
For the period January – November 2022 the HICP recorded an increase of 8.1% compared to the corresponding period of the previous year, CyStat added.
Compared to November 2021, the largest changes were noted in Housing, Water, Electricity, Gas and Other Fuels with 17.6%, Food and Non-Alcoholic Beverages with 15.1% and Transport with 9.4%.
Compared to October 2022, the largest change was recorded in category Restaurants and Hotels with a reduction of -2.5%.
As regards economic origin, the largest change when compared to the index of November 2021 was observed in Energy with a percentage of 21.4%, while compared with the index of the previous month, the largest change was monitored in category Services with -1.7%, CyStat said.
Source: Cyprus News Agency