North Cyprus News | Online News for North Cyprus

Cost of living shoots up

Cost of living shoots up

November 05
10:46 2015

The state planning organisation (DPO) has announced that the inflation rate for October 2015 was 1.52% and the cost of living increased by 7.39% in the first ten months of this year.

Odul Muhtaroglu, the director of the DPO, said that the price of 271 products that are included in the consumer price index went up, while the price of 130 products went down.

Clothing, shoes, food, non-alcoholic drinks, health services, houses, water, electricity and gas are among the goods and services which have increased in price. Motor car prices have decreased due to the fall in the exchange rate. A decrease of prices was also recorded in the fields of education, entertainment and culture.

Kibris Gazetesi

 

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