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27 September, 2023
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Cyprus' annual inflation rate declines to 8.6% in October

Eurozone inflation rate higher at 10.7%, according to Eurostat

Source: CNA

Euro area annual inflation is expected to be 10.7% in October 2022, up from 9.9% in September according to a flash estimate from Eurostat, the statistical office of the European Union.

According to the estimates published by Eurostat, the annual inflation rate for Cyprus is expected to be 8.6% in October, compared with 9.0% in September.

Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in October (41.9%, compared with 40.7% in September), followed by food, alcohol & tobacco (13.1%, compared with 11.8% in September), non-energy industrial goods (6.0%, compared with 5.5% in September) and services (4.4%, compared with 4.3% in September).

Cyprus  |  inflation  |  economy

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