Cost of Living Rises 1.42% in June, Annual Rate Hits 35.78%
The Statistics Institute has published the cost of living figures for June. According to the data, the cost of living rose by 1.42 percent in June. The cumulative increase over six months stands at 17.79 percent. The annual inflation rate has reached 35.78 percent.
This six-month increase will directly impact the salaries of public sector workers and pensioners.
If no additional raises or adjustments are implemented, wages will be increased by 17.79 percent.
Economists highlight that the 35.78 percent annual rise in the cost of living is severely affecting purchasing power.
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