HICP rose by 6.8% in January, decreased by 1.4% from December

In January 2023 the Harmonized Index of Consumer Prices rose by 6.8% compared to January 2022, and fell by 1.4% compared to the previous month, according to data published by the Statistical Service of Cyprus.

Compared to January 2022, the largest changes were noted in Housing, Water, Electricity, Gas and Other Fuels, which increased by 18% and Food and Non-Alcoholic Beverages, increased by 10.9%. As regards the economic origin, the largest change when compared to the index of January 2022 was recorded in Energy, increased by 16.2%.

Compared to December 2022, the largest change was recorded in category Clothing and Footwear, which decreased by 13%. Regarding the economic origin, Energy decreased by 3.3% and Non energy industrial goods by 3%.

Source: Cyprus News Agency