Inflation up by 0.8% in first 11 months of 2017

Inflation recorded an increase of 0.8% during the first 11 months of the year on an annual basis. November also saw an increase on an annual basis although compared to the previous month it fell by 1.2%, data released by the Cyprus Statistical Service, on Tuesday, show.

According to the data in November 2017, the Harmonized Price Index increased by 0.2% when compared to November 2016, while compared to October of 2017 it fell by 1.2%.

For the period January – November 2017 the HICP recorded an increase of 0.8% compared to the corresponding period of the previous year.

The greatest positive change compared to November 2016 was recorded in the transport category (2.6%), while alcoholic beverages, tobacco (-3.2%) recorded the greatest negative change.

Compared to October 2017, the greatest drop was observed in the Restaurant and Hotels category of the order of -6.3%.

During the period January – November 2017, compared to the same period of the previous year, the greatest change was recorded in Housing, Water, Electricity, Gas and Other Fuels 6.5%.

As regards to the economic origin, the greatest change was observed in Energy with an increase of 3.7% when compared to the index of November 2016.

Source: Cyprus News Agency