Economy category powered by

April inflation lowest in 21 months

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%.

Read More

Cyprus economic growth for 2023 estimated at 2.5%
CBC projects GDP growth at 2.6%, 3.1%, 3.2% in years 2024-2026
Tourism revenue up 29% in December y-o-y
EIB's Kakouris: No new financing request for Great Sea Interconnector
Central Banks of Cyprus and Greece to sign Memorandum of Cooperation
Cyprus receives greater EIB support in 2023, with heavy focus on green investments
Industrial production in Cyprus up 2.4% in 2023
FinMin and Research Dep. Minister agree to cooperate to promote digital transition
Yoshio Yamawaki: It is important to make Japanese companies aware of Cyprus’ advantageous FDI environment
Keravnos’ message to lawyers and accountants: “We should all be pushing to establish the supervisory authority”