Insider Economy Harmonized Inflation up by 0.8% in 2018

Harmonized Inflation up by 0.8% in 2018

Harmonized Inflation increased by 0.8% in 2018 compared to 2017, according to data released Thursday by the Statistical Service of Cyprus.

In December 2018 the Harmonized Index of Consumer Prices (HICP) increased by 1% compared to December 2017, while compared to November 2018 the HICP decreased by 0.9%.)

Compared to December 2017, the largest change was noted in category Housing, Water, Electricity, Gas and Other Fuels with a percentage of 14.1%.

Compared to November 2018, the largest change was recorded in category Food and Non-Alcoholic Beverages (-3.2%).

For period January – December 2018 the largest change, compared to the corresponding period of the previous year, was noted in category Housing, Water, Electricity, Gas and Other Fuels (5.9%).

As regards economic origin, the largest change comparing to both the index of December 2017 and the index of the previous month, was observed in category Energy with percentages of 8.2% and -5.1% respectively.

(Cyprus News Agency)

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