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Cyprus Business Now
 © CyprusMail 2022
According to data released by the Cyprus Statistical Service (Cystat) , inflation in Cyprus jumped to 2.5 per cent in 2021, reaching a ten year high.

This has been attributed to price hikes in basic goods, as well as the sharp rise in energy costs caused by the pandemic.

The rise in inflation was caused primarily by the transport sector, which in 2021 rose by 8.7 per cent year on year, as well as housing, water, electricity, gas and other fuels, which increased by 7.2 per cent.

Conversely, the largest negative change was registered in the communication sector with 1.4 per cent.


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Article automatically added to our system on Saturday, January 8, 2022

Cyprus Business Now

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