CYPRUS: Inflation at 2.7% in November on high energy prices

Compared to November 2017, the Consumer Price Index increased to 2.7% last month while for the 11-month period January-November, the CPI increased by 1.4% compared to the same period last year.

 In November the (CPI) decreased by 0.20 units and reached 102.09 units from 102.29 units in October 2018.

In the twelve-month period from October 2017 to November 2018, in comparison to the period from October 2016 to November, the annual average rate of change of the CPI was 1.2%. The corresponding rate in the previous twelve-month period was 0.6%.

The largest change, when comparing the index of November 2017 and the previous month, was recorded in electricity with an increase of 33.8% and 4.2% respectively.

Compared to November 2017, the category Housing, Water, Electricity, Gas and Other Fuels recorded the largest positive change with a percentage of 11.8%.

In the CPI of October 2018, the largest negative change was noted in Transport (-2.1%) while an increase was noted in Clothing and Footwear (1.5%). 

For the eleven months to November 2018, compared to the same period last year, the largest positive changes were in Transport (4.8%) and in Housing, Water, Electricity, Gas and Other Fuels (4.8%).

The category with the largest negative effect on the change of the CPI of November 2018 compared to October, was Transport (-0,34) whereas the largest positive effect was noted in Housing, Water, Electricity, Gas and Other Fuels (0.17%).