CLOSE
Loading...
12° Nicosia,
14 September, 2025
 
Home  /  News

Annual inflation drops to 3.3% in October

Food and tobacco drive Eurozone inflation down to 7.5%

Newsroom / CNA

Annual inflation in Cyprus is projected to decrease to 3.3% in October 2023, a drop from 4.3% in September, as per preliminary estimates released by Eurostat, the statistical agency of the European Union.

Across the eurozone, it is anticipated that annual inflation will reach 2.9% in October, marking a decrease from the 4.3% reported in September, in line with the same estimates.

Notably, the food, alcohol, and tobacco sector is expected to have the most significant impact on the euro area's annual inflation in October, with a rate of 7.5% compared to 8.8% in September.

Following closely are services at 4.6% (compared to 4.7% in September) and industrial goods, excluding energy, at 3.5% (compared to 4.1% in September).

Conversely, in the energy sector, the inflation index is anticipated to be -11.1% in October, a notable decrease from -4.6% in September.

TAGS
Cyprus  |  economy  |  eurostat  |  EU

News: Latest Articles

Cyprus roads get a makeover

Cyprus roads get a makeover

New motorways and upgrades aim to make daily commutes safer, quicker, and stress-free for residents across the island.
Newsroom
 |  NEWS
From 37°C inland to 16°C in the mountains, pack your sunscreen and your sweater, just in case. Photo credit: Unsplash

Sun’s out, winds about

A warm, mostly clear day ahead, with just enough breeze and cloud gossip to keep things interesting.
Newsroom
 |  NEWS
X