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Cyprus Inflation September 2022

Cyprus: Harmonized inflation drops to lowest level since June in September

Harmonized inflation eased to 9.0% in September, following August’s 9.6%. September’s figure marked the weakest inflation rate since June. The result was driven by moderating price pressures for transportation and housing and utilities.

Annual average harmonized inflation rose to 7.2% in September (August: 6.8%).

Meanwhile, consumer price inflation edged down to 8.7% in September, from August’s 8.9%.

Finally, harmonized consumer prices dropped 1.03% in September over the previous month, swinging from August’s 0.51% rise. September’s result marked the weakest reading since September 2019.

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