WEDNESDAY, 23 OCT 2019

 

CONNECT

Facebook Linked In Twitter
Leptos_Blue_Marine_23/09-23/11_728x90px
GloriaJeans_266x90px
IMH LTD

Juncker Regrets Lack of Cyprus Settlement

Harris Georgiades: Warns Over Three Outstanding Issues that Must Be Handled Responsibly

IMH LTD
GAP_Group_2019_468x60px

ECONOMY

Inflation Increases by 2% in January

Inflation Increases by 2% in January

In January 2019, the Consumer Price Index decreased by 0.95 units and reached 99.76 units compared to 100.71 units in December 2018. Compared to January 2018, the CPI increased by 2.0%.

In the twelve-month period from February 2018 to January 2019, in comparison to the period from February 2017 to January 2018, the annual average rate of change of the CPI was 1.7%. The corresponding annual average rate of change of the CPI in the previous twelve month period was 0.4%.

As regards the economic origin, when compared to the index of January 2018 the largest change was recorded in Electricity with an increase of 34.9%, while in comparison to the index of the previous month, the largest change was noted in Agricultural goods with a change of 10.4%

Compared to January 2018, the category Housing, Water, Electricity, Gas and Other Fuels recorded the largest positive change with a percentage of 10%.

In comparison to the CPI of December 2018, the largest negative change was noted in Clothing and Footwear (-16.9%).

The categories with the largest positive effect on the change of the CPI of January 2019 when compared to January 2018 were the following: Food and Non-Alcoholic Beverages (1.28 units) and Housing, Water, Electricity, Gas and Other Fuels (1.11 units).

The category with the largest negative effect on the change of the CPI compared to the previous month, was the Clothing and Footwear (-1.29 units) while Food and Non-Alcoholic Beverages had the highest positive effect (0.89 units).

The following products/services had the most notable positive effect on the change of the CPI of January 2019 compared to January 2018: fresh vegetables (1.07 units) and electricity (1.02 units), while petroleum products had the largest negative effect (-0.80 units).

Finally, the products with the most negative effect on the change of the CPI of January 2019 compared to the previous month were the following: clothing (-0.94 units) and petroleum products (-0.56 units). On the other hand, fresh vegetables had the largest positive effect (0.60 units).

MORE ON ECONOMY

General Government Surplus 3,0% of GDP Excluding Hellenic Bank Deal

The fiscal balance for 2018 records a surplus of €638,3 mn or 3,0% of GDP, excluding ...

Euro Area International Trade in Goods Records Surplus of €14.7 bn

The first estimate for euro area (EA19) exports of goods to the rest of the world in ...

Natasa Pilides: We Work Intensively on Cyprus-Greece Ferry Link

Shipping Deputy Minister Natasa Pilides has said that Ministry staff is working ...

FROM AROUND GOLDNEWS

   

Baking the Cyprus Innovation Cake

Having spent a week in Israel touring various innovation agencies, organisations and start-ups, Alexandros Charalambides, Associate Professor at the Cyprus ...
   

The History of Cypriot Toponyms in a Lecture at the National Archives of the UK

The Bank of Cyprus Cultural Foundation, in collaboration with the National Archives of the UK and the Cyprus High Commission in the UK, organized on Thursday, ...
   

ONE Enters its Final Construction Phase: An Exemplar of Expertise From Pafilia for Educational Institutions

ONE’s is at its final construction phase, as the works on the superstructure of the building has been successfully completed. ONE, Europe's tallest ...
   

MAP S.Platis Joins Forces with Global Firm FTI Consulting

MAP S.Platis, the largest independent financial services regulatory advisory firm in South-Eastern Europe and the Middle East, has joined forces with leading ...
   

Tissot Heritage Visodate Quartz: A Legacy of Elegance

This is the watch that every young man dreams of wearing on his wrist: a piece that is passed on from generation to generation. Inspired by the 1950s ...
   

Artificial Intelligence and Biometrics – Law and Compliance in a Changing Environment

The rate of technology innovation challenges the ability of our legal and compliance systems to keep up. Developing and using new technology sometimes ...

Juncker Regrets Lack of Cyprus Settlement

Addressing his last European Parliament plenary session in Strasbourg this week, outgoing President Jean-Claude Juncker included the failure to resolve the ...
   

1st Cyprus-China Business Cooperation Forum

The 1st Cyprus-China Business Cooperation Forum, which was organized by the China International Investors Association and the Limassol Municipality and ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Banking_07/10-28/11_300x250px
GloriaJeans_300x250px

IMH LTD