Cypurs inflation drops in first half of 2024

Inflation in Cyprus, excluding increases in excise taxes, fell by 0.32 per cent in the first half of 2024, when compared to the previous six months, spanning the period between July and December 2023, according to a report released this week by the Cyprus Statistical Service (Cystat).

The statistical service reported that Cyprus’ Consumer Price Index, excluding increases in excise taxes, stood at 112.41 units during the period from January to June 2024, marking a decrease of 0.32 per cent compared to the previous period.

However, when compared to the same half of 2023, inflation, excluding increases in excise taxes, recorded an increase of 2.2 per cent in the first half of 2024.