Cost of living for July in TRNC is 5.21%

The TRNC Statistic Institute announced the Consumer Price Index for the month of July.

The cost of living for the month of July was 5.21 percent, thus the annual inflation has risen by 116.56 percent this year.

Compared to the previous year of December it has increased by 64.93 percent.

In terms of main expenditure groups, the highest increase was experienced in restaurants and hotels, prices have increased by 17.45 percent compared to the previous month.

Looking at costs compared to the previous month, the average price of 534 items has increased, while the average prices of 65 items has decreased.

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