SUNDAY, 18 NOV 2018

 

CONNECT

Facebook Linked In Twitter
PwC_Shipping_14/11-28/11_728x90px
GloriaJeans_266x90px
IMH LTD

Lillie: Rights of Britons in Cyprus and Cypriots in Britain Protected Under Withdrawal Agreement

Anastasiades: Health Sector to Change Completely by 2020

IMH LTD
Altamira_24/10-23/11_468x60px

ECONOMY

Inflation Increases by 2.5%

Inflation Increases by 2.5%

In August 2018, the Consumer Price Index increased by 0.66 units to 100.98 units compared to 100.32 units in July 2018. Compared to August 2017, the CPI is increased by 2.5% while for the period January - August 2018, the CPI is increased by 0.9% compared to the corresponding period of the previous year.

In the twelve-month period from September 2017 to August 2018, in comparison to the period from September 2016 to August 2017, the annual average rate of change of the CPI was 0.5%. The corresponding rate in the previous twelve month period was 0.3%.

As regards the economic origin, the largest changes when compared to the index of August 2017, were recorded in Electricity and Petroleum products with increase of 13,1% and 12,9% respectively. In comparison to the index of the previous month an increase of 6,6% was observed in Agricultural Goods.

Compared to August 2017, the categories Transport and Housing, Water, Electricity, Gas and Other Fuels recorded the largest positive change with a percentage of 6.5%.

In comparison to the CPI of July 2018, the largest positive change was noted in Food and Non-Alcoholic Beverages (2.3%).

For the period January-August 2018, compared to the corresponding period of the previous year, the largest positive change was noted in Transport (4.4%), while a decrease was recorded in Alcoholic Beverages and Tobacco (-1.7%).

The category with the largest effect on the change of the CPI of August 2018 compared to the previous month, was the Food and Non-Alcoholic Beverages (0.45).

The products/services with the most notable effect on the change of the CPI of August 2018 compared to the previous month were the following: vegetables (0.33) and airfares (0.14).

MORE ON ECONOMY

Prodromou: Economy’s Upturn Opens Way for Changes that will Improve the Country

Government Spokesman Prodromos Prodromou said on Wednesday 14 November that the positive ...

Survey shows Lower Labour Costs in Hotels and Restaurants

Accommodation and Food Service Activities have the lower labour cost, according to the ...

Lakkotrypis: Cyprus Energy Planning is on Track

A drill is in place on block 10 of Cyprus’ Exclusive Economic Zone (EEZ) on the ...

FROM AROUND GOLDNEWS

   

Asda Revival Continues as Sales Rise Again

Asda's sales jumped 2% in the three months to September as the recovery of the Walmart-owned supermarket continued. The result marked the sixth consecutive ...
   

Clarification on Shell Companies and Entities: Definition by the Cyprus Central Bank

On November the 2nd, 2018, the Central Bank of Cyprus (“CBC”) issued a circular, trying to clarify certain issues, regarding the dubious and vague ...
   

Innovation and Research to be Rewarded in a Glorious Ceremony

The Cyprus Employers and Industrialists Federation (OEB) and the Research Promotion Foundation are rewarding inspiration, vision and creativity for yet another ...
   

Cyprus Airways Receives IATA Membership Certificate

Cyprus Airways received from the International Air Transport Association (IATA) a certificate for successfully joining IATA. The membership certificate was ...
   

Facebook Accused of Dark PR Tactics

Facebook faces a new controversy over alleged tactics it used to discredit its critics, embarrass rival firms and downplay problems at the company. The New ...
   

Cash Outflows from Cyprus Reach 490 Million Euro in 2017

According to data released on Thursday 15 November by Eurostat, in 2017, flows of money sent by residents of the European Union (EU) to non-EU countries, ...
   

Anastasiades: Health Sector to Change Completely by 2020

President of Cyprus Nicos Anastasiades said on Thursday 15 November evening that the health sector in Cyprus would change completely by 2020.   In an ...
   

Lillie: Rights of Britons in Cyprus and Cypriots in Britain Protected Under Withdrawal Agreement

British High Commissioner in Cyprus, Stephen Lillie, said on Thursday that under UK`s withdrawal agreement with the EU, the rights of Britons in Cyprus and all ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Infocredit_01/08-30/11_300x250px
Dale_Carnegie_Goldenbook_300x250px

IMH LTD