Friday, July 29, 2022

SIGNIFICANT RISE IN INFLATION IN JULY

 Filenews 29 July 2022



Inflation in Cyprus at 10.6% in July, while inflation in the eurozone in general rose again in July, to 8.9% from 8.6% in June, according to initial estimates.

In Cyprus, the percentage stood at 10/06% from 9% in June.

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Once again, Estonia (22.7%) and Latvia (21%) were the highest values, followed by Lithuania with 20.8%.

Energy has the largest contribution to price formation (up 39.7% from +42% in June), followed by the food, alcohol and tobacco sector (9.8% from 8.9% in June), non-energy industrial goods (4.5% from June's 4.3%) and services (3.7% from 3.4% in June).

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