Harmonised consumer prices index up 8.1%

The harmonised consumer prices index was up by 8.1% in the first nine months of this year compared to the first nine months of 2021, data released on Wednesday by the Cyprus Statistical Service (CyStat) show. 

In particular, in September 2022 the Harmonized Index of Consumer Prices increased by 9.0% compared to the index of September 2021.

Compared to the index of August 2022, the HICP decreased by 1.0%.

For the period January - September 2022 the HICP recorded an increase of 8.1% compared to the corresponding period of the previous year.

Compared to September 2021, the largest changes were noted in Housing, Water, Electricity, Gas and Other Fuels (28.7%) and Transport (13.3%). 

Compared to August 2022, the largest change was recorded in category Clothing and Footwear (8.3%). 

According to CyStat data for the period January - September 2022, compared to the corresponding period of the previous year, the largest changes were noted in Housing, Water, Electricity, Gas and Other Fuels (22.4%) and Transport (15.7%). 

As regards the economic origin, the largest change when compared both to the index of September 2021 and to the index of the previous month, was observed in Energy with percentages of 34.3% and -4.9% respectively.