Consumer Price Index

The pace of monthly growth in retail prices in Istanbul accelerated from 1.73 percent in August to 3.9 percent in September, according to the Istanbul Chamber of Commerce (İTO) on Oct. 1.

The annual increase in retail prices in Türkiye's largest city was 59.18 percent, slowing from August's 61.57 percent.

Retail prices have risen 42.9 percent compared with the end of 2023.

In July 2024, producer prices in the EU and the euro area saw an increase of 0.8% compared to June 2024, according to preliminary data from Eurostat. This follows a 0.6% rise in both regions during June 2024. Bulgaria reported the highest growth in producer prices within the EU, with an increase of 3.6% on a monthly basis.

Inflation in Cyprus slowed down in August 2024, with prices rising by 1.5%, compared to a 2.11% increase in July, data showed on Thursday. The Consumer Price Index (CPI), which measures the cost of living, went up slightly from 117.73 to 118.10.

Inflation edged higher in July, ending a run of decreasing rates. The Consumer Price Index published Friday by the Hellenic Statistics Authority grew 2.7% year-on-year, up from 2.3% in June.

The result was not surprising, at least since the publication of the EU-wide Harmonized Index of Consumer Prices by Eurostat.

Annual inflation increased by 2.7% in July, according to ELSTAT.

Government officials are awaiting Friday's announcement of July inflation figures by the independent statistics authority ELSTAT with some trepidation. 

Inflation in Cyprus amounted to 2.2% for the first half of the year on an annual basis, according to the Cyprus Statistical Service (CyStat).

Compared with the previous six months (July-December 2023), however, the consumer price index eased 0.32%, excluding consumption tax increases.

Annual inflation was 2.3% in June, according to data released today, Tuesday 9/7 by ELSTAT, recording a further slowdown for another month.

Erhan Çetinkaya, the head of the Turkish Statistical Institute (TÜİK), has dismissed criticism leveled at the authority over its inflation calculations.

Greece's inflation rate amounted to 2.3% in June, down from 2.4% in May. Hellenic Statistical Authority (ELSTAT) data showed that food prices increased by 2.1%, while prices in the housing, durable goods and communications categories decreased.