CYPRUS: Jan-Nov inflation up 0.8%

Inflation increased by 0.8% year-on-year in the January-November period, while the month of November also saw an increase on an annual basis although compared to the previous month it fell by 1.2%, according to the Statistical Service, Cystat.

The Harmonised Price Index increased by 0.2% compared to November 2016, while compared to October of 2017 it fell by 1.2%.

For the January – November period, the HICP increased 0.8% compared to the corresponding period of the previous year.

The greatest positive change compared to November 2016 was in transport (2.6%), while alcoholic beverages, tobacco (-3.2%) recorded the greatest negative change.

Compared to October 2017, the greatest drop was observed in Restaurants and Hotels of the order of -6.3%.

During January – November 2017, compared to the same period of the previous year, the greatest change was recorded in Housing, Water, Electricity, Gas and Other Fuels 6.5%.

As regards to the economic origin, the greatest change was in Energy with an increase of 3.7% when compared to the index of November 2016.