Financial News: Cyprus HICP Inflation Rises To 3.1%, Highest In

Cyprus HICP Inflation Rises To 3.1%, Highest In 14 Months

01/17/2025 - 06:59:00 (RTTNews)

(RTTNews) - Cyprus's EU measure of consumer price inflation accelerated further in December to the highest level in more than a year, data from the statistical office showed on Friday.

The harmonized index of consumer prices, or HICP, climbed 3.1 percent year-on-year in December, faster than the 2.2 percent increase in November.

Further, this was the highest inflation since October 2023, when prices had risen 3.6 percent.

The annual price growth in food and non-alcoholic beverages accelerated to 7.3 percent from 4.2 percent. Utility costs rebounded 1.0 percent after a 1.1 percent fall in November.

On a monthly basis, the HICP decreased 0.3 percent in December.

The average annual inflation rate for the year 2024 was 2.3 percent, the agency said.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Atlanta Fed Retains Q4 GDP Growth Estimate At 3% (02 hr(s), 18 min(s), 13 sec(s) ago)
(RTTNews) - The Atlanta Fed left the U.S. fourth quarter economic growth estimate unchanged on Fri ...Full Story»

U.S. Industrial Production Jumps In December As Utilities, Mining Output Surges (04 hr(s), 28 min(s), 13 sec(s) ago)
(RTTNews) - Industrial production in the U.S. increased by much more than expected in the month of ...Full Story»

Cyprus Tourist Arrivals Rise 7.6% In December (04 hr(s), 33 min(s), 13 sec(s) ago)
(RTTNews) - Tourist arrivals to Cyprus during December increased and the main share of them came f ...Full Story»

U.S. Housing Starts Skyrocket To Ten-Month High In December (05 hr(s), 21 min(s), 13 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Friday showed new residential construc ...Full Story»

U.S. Industrial Production Jumps Much More Than Expected In December (05 hr(s), 35 min(s), 13 sec(s) ago)
(RTTNews) - Industrial production in the U.S. increased by much more than expected in the month of ...Full Story»

U.S. Housing Starts Spike Much More Than Expected In December (06 hr(s), 18 min(s), 13 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Friday showed new residential construc ...Full Story»

Iceland Wages Rise 9.0% In November (06 hr(s), 42 min(s), 13 sec(s) ago)
(RTTNews) - Taxable wages and salaries in Iceland grew in November from the previous month mainly ...Full Story»

Malta HICP Inflation Slows To 1.8% (06 hr(s), 46 min(s), 13 sec(s) ago)
(RTTNews) - Malta's EU measure of inflation eased for the second straight month in December, d ...Full Story»