Cyprus: Harmonized inflation rises to over one-year high in December
Latest reading: Harmonized inflation came in at 3.1% in December, which was up from November’s 2.2%. December’s figure was the highest inflation rate since October 2023. The result was largely driven by stronger price pressures for food and non-alcoholic beverages and transportation.
The trend pointed up mildly, with annual average harmonized inflation coming in at 2.3% in December (November: 2.2%). Meanwhile, consumer price inflation rose to 2.6% in December from November’s 1.5%.
Lastly, harmonized consumer prices fell 0.31% from the previous month in December, a softer fall than the 0.97% fall logged in November.