Cyprus: Inflation cools in September
October 7, 2021
Consumer prices slid 0.06% in September, contrasting August’s 1.55% rise and falling for the first time since January. The drop was largely attributed to declining prices for food and non-alcoholic beverages as well as for transportation.
Inflation came in at 4.1% in September easing notably from August’s 5.0% jump, which had marked the highest inflation rate since September 2008. Meanwhile, the trend pointed up, with the annual average variation of consumer prices coming in at 1.1% in September from 0.7% in August. Lastly, harmonized inflation rose to 3.3 in August, the last month for which data is available, from 2.7% in July.