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Inflation in Cyprus spiked to 2.5% in 2021, reaching a ten-year high reflecting the price hikes in basic goods and mainly the steep increase in energy following the 2020 COVID disruption. According to data released by the Statistical Service of Cyprus (Cystat), the inflation spike was driven mainly by the Transport sector which in 2021 rose by 8.7% year on year and Housing, Water, Electricity, Gas and Other Fuels which rose by 7.2%, whereas the largest negative change was registered in …
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