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Cyprus inflation falls by 0.7% in September for the fifth consecutive month

Inflation in Cyprus continued to ease in September, marking the fifth consecutive month of annual decline.

According to data released by CySTAT, the Consumer Price Index (CPI) recorded a year-on-year decrease of 0.7%.

The CPI reached 117.71 units in September compared with 117.04 in August, reflecting a monthly increase of 0.67 units or 0.6%.

On an annual basis, the largest positive change was recorded in Services (+3.1%), while the steepest decreases were observed in Electricity (-10.9%), Agricultural Products (-5.0%) and Petroleum Products (-2.7%). Compared with August, Agricultural Products posted the sharpest increase (+3.5%).

Restaurants and Hotels (+4.4%), Education (+3.4%) and Recreation and Culture (+3.3%) saw the strongest annual rises compared with September 2024, while Clothing and Footwear dropped by 7.3%.

For the period January–September 2025, compared with the same period of 2024, the biggest increases were recorded in Restaurants and Hotels (+4.7%), Education (+3.7%) and Recreation and Culture (+3.4%), while Clothing and Footwear declined by 6.2%.

In terms of contributions to the overall CPI, Restaurants and Hotels (+0.50) and Education (+0.27) made the largest positive annual impact, while Transport (-0.78) and Food and Non-Alcoholic Beverages (-0.37) had the biggest negative impact.

On a monthly basis, the increase in the CPI was mainly driven by Clothing and Footwear (+0.37) and Food and Non-Alcoholic Beverages (+0.35). The largest downward effect came from Airfares (-0.21).

(Source: CNA) 

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