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Cyprus Inflation October 2023

Cyprus: Harmonized inflation moderates in October

Harmonized inflation came in at 3.6% in October, down from September’s 4.3%. Looking at the details of the release, prices for food and non-alcoholic beverages, transporation and recreation grew at a more moderate pace in October.

Annual average harmonized inflation fell to 4.9% in October (September: 5.3%). Meanwhile, consumer price inflation fell to 3.5% in October, from the previous month’s 4.0%.

Lastly, harmonized consumer prices dropped 0.14% in October over the previous month, contrasting the 0.17% rise recorded in September. October’s result marked the weakest reading since January.

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