July Cost of Living Announced: Annual Inflation at 72.51%
The cost of living figures for July have been released. According to information compiled by Kıbrıs Postası from the Statistics Department, the cost of living in July increased by 3.51%, while the annual cost of living rose to 72.51%.
The data indicates that the cost of living for the period from January to July was 37.65%. Additionally, the quarterly increase in the cost of living was reported at 14.67%.
Highest Increase in Communication Sector
The cost of living increased by 3.51% compared to the previous month, 37.65% compared to December of the previous year, and 72.51% compared to the same month last year.
Among the main expenditure groups, the highest increase compared to the previous month was recorded in the Communication sector, with a rise of 15.11%.
Other notable increases were seen in the following sectors:
- Various Goods and Services: 7.12%
- Alcoholic Beverages and Tobacco: 6.04%
- Restaurants and Hotels: 5.34%
- Recreation and Culture: 5.05%
- Food and Non-Alcoholic Beverages: 3.39%
- Health: 2.83%
- Housing, Water, Electricity, Gas, and Other Fuels: 2.83%
- Furniture, Household Appliances, and Maintenance Services: 2.71%
- Transport: 1.71%
- Education: 0.37%
- Clothing and Footwear: 0.31%
Out of the 503 items included in the index, average prices increased for most, while 67 items saw a decrease in average prices.
The top three items with the highest price increases were:
- Magazines and Periodicals: 163.64%
- Parsley: 93.97%
- Red Cabbage: 91.61%
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