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Financial News: Cyprus HICP Inflation Accelerates In November

Cyprus HICP Inflation Accelerates In November

12/18/2024 - 06:32:00 (RTTNews)

(RTTNews) - Cyprus's EU measure of consumer prices increased at a faster pace in November, data from the statistical office showed on Wednesday.

The harmonized index of consumer prices, or HICP, climbed 2.2 percent year-on-year in November, following October's stable increase of 1.6 percent.

Charges for recreation and culture alone grew 7.8 percent annually in November, and costs for food and non-alcoholic beverages rose by 4.2 percent. Meanwhile, energy prices were 4.4 percent less expensive.

On a monthly basis, the HICP increased 1.0 percent in November.

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