Inflation in Cyprus spiked by an annual 5% pushed upwards mainly by rising energy prices, according to data released by the Cyprus Statistical Service of Cyprus.
The Consumer Price Index increased by 1.59 units and reached 104.09 units compared to 102.50 units in July 2021. Inflation in Cyprus increased for the fifth consecutive month.
For the period January-August 2021, the CPI increased by 1.5% compared to the corresponding period of the previous year, Cystat added.
According to Cystat, compared to August 2020, the largest changes were monitored in the categories Housing, Water, Electricity, Gas and Other Fuels with 14.4%, Transport 10.8% and Food and Non-Alcoholic Beverages 8.2%.
In terms of economic origin, the largest changes when compared to the index of August 2020 were recorded in Electricity with 39.8%, Petroleum pr
Source: Cyprus News Agency