Cyprus inflation rises in June

Inflation in June 2024 rose by 2.9 per cent over the previous month, marking a continuation of the upward trend that began in April and reaching its highest level since October 2023.

Data released by the Cyprus Statistical Service (Cystat) on Thursday showed that Cyprus’ Consumer Price Index (CPI) dropped slightly by 0.12 points to 117.72, down from 117.84 in May 2024.

The most significant year-on-year changes were noted in electricity, with a sharp rise of 9.5 per cent, and petroleum products...