WEDNESDAY, 17 JUL 2019

 

CONNECT

Facebook Linked In Twitter
GAP_Group_2019_728x90px
GloriaJeans_266x90px
IMH LTD

Cyprus' Agriculture Sector Enters a New Era After the Approval of the New Insurance System

Donald Trump Claims Trade War is Working as China's Economy Slows

IMH LTD
GAP_Group_2019_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

Government Labour Force Increases Marginally In June

Government labour force increased marginally in June 2019, according to a press release ...

BoC Grants Loans Over €550m to Businesses and Self-Employed Since 2010

Bank of Cyprus has granted more than €550m in loan facilities as part of its ...

Government Labour Force Increases Marginally In June

Government labour force increased marginally in June 2019, according to a press release ...

FROM AROUND GOLDNEWS

   

Euro Area International Trade in Goods Surplus €23.0 bn

The first estimate for euro area (EA19) exports of goods to the rest of the world in May 2019 was €203.4 billion, an increase of 7.1% compared with May ...
   

Education Publisher Pearson to Phase Out Print Textbooks

The world's largest education publisher has taken the first step towards phasing out print books by making all its learning resources "digital ...
   

Industrial Production up by 0.9% in Euro Area

In May 2019 compared with April 2019, seasonally adjusted industrial production rose by 0.9% in the euro area (EA19) and by 0.8% in the EU28, according to ...
   

Cyprus President and Greek Premier Coordinate their Actions

President of Cyprus Nicos Anastasiades and Greek Premier Kyriakos Mitsotakis spoke on Monday, July 15 on the phone to discuss the latest developments, with ...
   

FANEROMENI19 Festival: Johnny English Strikes Again (2018)

Cinema screening in cooperation with The Friends of Cinema Society The third movie in the comedy series with Rowan Atkinson returning as the accidental ...
   

Playing with Bricks 4 Kidz® at Nicosia Mall

An incredibly fun activity is on offer at Nicosia Mall, for every kid who loves imagination and creativity from July 8 to August 11, from 3:00 to 7:00 in the ...
   

Ryanair to Cut Services Due to Boeing 737 Max Crisis

Budget airline says it plans to close some bases and will carry fewer passengers, The Guardian reports. Ryanair has warned that delays to deliveries of ...
   

Donald Trump Claims Trade War is Working as China's Economy Slows

Chinese economic growth falls to slowest pace since 1992 – but is expanding faster than the US, The Guardian reports. Donald Trump has claimed that ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Limassol_Economic_19/06-18/10_300x250px
CIM_Scholarships_03/06-31/07_300x250px

IMH LTD