Inflation in August in Northern Cyprus was 3.35%

According to the Statistical Office of the Turkish Republic of Northern Cyprus (TRNC), in August the monthly growth rate of consumer prices was 3.35%. Annual inflation, compared to the same period last year, reached 35.42%.

According to the Consumer Price Index, for the period since December of last year inflation amounted to 25.59%, and compared to August of the previous year — 35.42%.

The most noticeable price increases in August were in the following product categories:

• tomatoes — plus 216.79%;
• sweet peppers (for stuffing) — plus 136.43%;
• chili (charleston) — plus 127.22%.

At the same time, in the segment where prices decreased, we note:

• fresh okra — minus 35.01%;
• tickets to the state theater — minus 33.33%;
• arugula — minus 12.12%.

By main spending groups, the monthly changes are as follows:

• food and non-alcoholic beverages — +10.72%;
• other goods and services — +5.47%;
• restaurants and hotels — +3.15%;
• health — +2.95%;
• furniture, household appliances and household maintenance services — +2.93%;
• education — +2.35%;
• transport — +1.58%.

The only group in which a price decrease was recorded was clothing and footwear, by 1.79%.

In the overall price index base, 507 types of goods and services were taken into account. Of these, 81 items showed a decrease in average price, while the rest showed an increase.