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12° Nicosia,
02 February, 2023
 
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Inflation rate in Cyprus expected to fall to 8.3%

Eurostat also estimates EU inflation rate to fall to 10%

Source: CNA

Euro area annual inflation is expected to be 10.0% in November 2022, down from 10.6% in October according to a flash estimate from Eurostat, the statistical office of the European Union.

According to the same estimates, the annual inflation rate in Cyprus is expected to be 8.3% in November, compared to 8.6% in October.

Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in November (34.9%, compared with 41.5% in October), followed by food, alcohol & tobacco (13.6%, compared with 13.1% in October), non-energy industrial goods (6.1%, stable compared with October) and services (4.2%, compared with 4.3% in October).

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Cyprus  |  economy

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