Cyprus’ July CPI rises 4.04% y-o-y

Cyprus’ July CPI rises 4.04% y-o-y

In July, prices in Cyprus rose for the fourth month in a row, as the consumer price index rose 4.04% year-on-year, following a 3.14% increase in June.
Transport prices grew 10.12% annually in July.
Annual prices for housing, water, electricity, gas and other fuels had the largest gains at 12.72%, and those for communication rose 1.65%.
Prices for recreation, culture, and restaurants and hotels rose by 1.02% and 1.50%, respectively.
The consumer price index rose 0.11% to 102.50 units in July from 102.39 the previous month.
For the seven months to July, the CPI increased by 1% compared to the same period last year.
Compared to the CPI of the previous month, the largest change was noted in clothing and footwear (-12.4%).
For January-July 2021, the largest annual increase was recorded in transport (5.4%), whereas the largest fall was in communication (-2.3%).
According to the Statistical Service, compared to the index of July 2020, the categories transport (1.45%) and housing, water, electricity, gas and other fuels (1.44%) had the largest effect on the change of the CPI.
The category clothing and footwear (-0.93%) had the largest effect on the CPI change compared to the previous month.


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