Harmonised inflation in December climbs to the highest level since Oct 2008

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The annual harmonised Index of Consumer Prices (HICP) rate in December 2021 reached 4.8% fueled mainly by energy prices, equaling the respective level of October 2008. According to data released by the Statistical Service of Cyprus (Cystat), the HCIP for the period of January – December 2021 amounted to 2.3%, compared with the respective period of 2020, while the HCIP in December declined by 0.3% compared with the previous month of 2021. Compared to December 2020, the largest changes were noted in …

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