Economy category powered by

Harmonised inflation at 6.1% in March

Harmonised inflation rose by 6.1% in March this year on an annual basis, according to Cystat.

The Harmonised Index of Consumer Prices rose by 6.1% between March 2022 and March 2023, and by 1.3% in the month between February 2023 and March 2023.

For the period January - March 2023, the HICP rose by 6.5% compared to the corresponding period of the previous year.

Compared to March 2022, the largest changes were noted in Housing, Water, Electricity, Gas and Other Fuels (15.5%) and Restaurants and Hotels (9.1%).

Compared to February 2023, the largest change was recorded in category Clothing and Footwear (9.7%).

For the period January - March 2023, compared to the corresponding period of the previous year, the largest changes were noted in Housing, Water, Electricity, Gas and Other Fuels (17.4%) and Food and Non-Alcoholic Beverages (9.0%).

As for economic origin, the largest change when compared to the index of March 2022 was recorded in Energy (10.3%).

Compared to the index of the previous month, the largest change was monitored in category Non energy industrial goods (3.2%).

Read More

Government to further support beekeeping, Agriculture Minister says
Construction Materials Price Index down by 1.57% in April
Tourist arrivals in April down 2.7%, up by 1.7% in first quarter
Supporting rural areas is a primary goal for the government, President says
Government pledges continuation of policies for strong and resilient economy
House President and Cyprus Union of Ship Owners discuss shipping challenges
European Commission's Spring forecast predicts continued growth-drop of inflation for Cyprus
RIF: New funding programme for joint R&I projects between Cyprus, Japan and European countries
Cyprus will succeed in shaping a stable investment environment, President says
Cyprus GDP rises to highest rate since Q4 2022