Cyprus’ Harmonised Consumer Price Index (HICP), a key measure of inflation, rose by 1.6 per cent year-on-year in October 2024, according to official data released on Tuesday.

This figure reflects a modest annual increase compared to October 2023, according to the Cyprus Statistical Service (Cystat).

On a monthly basis, the HICP recorded a slight decline of 0.2 per cent in October 2024 compared to September 2024.