Inflation in Cyprus was recorded at 8.8% in October 2022, according to the Statistical Service of the Republic of Cyprus.
Ιn October 2022, the Consumer Price Index increased by 0.89 units and reached 114.01 units compared to 113.12 units in September 2022. In October 2022, the inflation increased by 8.8%.
For the period January-October 2022, the CPI increased by 8.4% compared to the corresponding period of the previous year.
As regards the economic origin, the largest changes when compared to the index of October 2021 were recorded in Electricity (44.2%) and in Petroleum Products (17.3%). In comparison to the index of the previous month, the largest changes were monitored in Agricultural goods (4.5%) and Petroleum Products (-4.2%).
Compared to October 2021, the largest changes were monitored in the categories Housing, Water, Electricity, Gas and Other Fuels (21.1%), Food and Non-Alcoholic Beverages (13.2%), and Transport (11.9%).
In comparison to the CPI of the previous month, the largest change was noted in Clothing and Footwear (5.0%).
For the period January – October 2022, compared to the corresponding period of the previous year, the largest changes were recorded in Housing, Water, Electricity, Gas and Other Fuels (21.8%) and Transport (17.6%).
Compared to the index of October 2021, the categories Housing, Water, Electricity, Gas and Other Fuels (2.79), Food and Non-Alcoholic Beverages (2.56), and Transport (1.92) had the largest effect on the change of the CPI.
The categories Food and Non-Alcoholic Beverages (0.56) and Clothing and Footwear (0.36) had the largest positive effect on the change of the CPI compared to the previous month.
Electricity (1.78) and Petroleum Products (1.62) had the most notable effect on the change of the CPI of October 2022 compared to October 2021.
Finally, Fresh vegetables (0.39) and Clothing (0.24) had the largest positive effect on the change of the CPI of October 2022 compared to the previous month.
Source: Cyprus News Agency