Economy category powered by

April inflation lowest in 21 months

07:56 - 05 May 2023

Economy

Cyprus' inflation dropped 3.7% in April compared to the same month last year, registering the lowest reading of the last 21 months.

Cystat said this was driven by reduced oil prices. The Index of Consumer Prices in April amounted to 114.39 units, compared with 114.03 in March. For the period January-April 2023, inflation amounted to 5.8% year-on-year.

The largest positive annual percentage changes were registered in the categories of Electricity with 8.8%, Industrial Products (7.2%), while petroleum products saw a decline of 7.2% year on year.

Compared with March 2022, the biggest negative change was recorded in Electricity with 5.8%.

News Feed

Read More

Energame: Creating a Vibrant ICT Community
UNIC ranks 115th worldwide in the 2024 THE Young University Rankings
Government to further support beekeeping, Agriculture Minister says
Space sector an emerging priority for Cyprus, says President
Purpose Communications announces the launch of the 2nd cycle of Purpose Academy
GRANTXPERT – Team Building Workshop
Cyprus hosting UEFA Under-17 Championship
Construction Materials Price Index down by 1.57% in April
ΙΜΟ gives its 1st Gender Equality in Shipping Award to Cyprus’ nominee
Hack you later - One of the largest hackathons is happening in Cyprus