Harmonised inflation rose to over 9% in June

Harmonised inflation rose to 9.1% in Cyprus in June compared with June last year, marking a new historic record, pushed by the soaring prices in energy.

According to a flash estimate issued by Eurostat, annual inflation in the Eurozone amounted to 8.6% in June from 8.1% the previous month.

As regards the components, energy rose to 41.9% followed by food and tobacco with 8.9%, non-energy industrial products with 4.3% while inflation in services declined marginally to 3.4% (compared with 3.5% in May).

According to Eurostat, core inflation (excluding energy and unprocessed food) amounted to 4.6% from 4.4% in May, while excluding energy, food and tobacco it amounted to 3.7% from 3.8% in May.

Source: Cyprus Mail