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 unemployment drops to fifth lowest in EU at 3.6%
Ministerial decree establishes National Mechanism for the Control of Foreign Direct Investments
Τhis year is pivotal for Cyprus’ tourism, President Christodoulides says
Increase in revenues and contained spending in Cyprus’ state budget by May
CBC: Net demand for business loans rises in Cyprus for the first time since 2021
The Norwegian recipe for sufficient human resources at hotels - The PASYXE initiative
Retail trade up in May in value and volume on annual basis
Revenue from tourism up 39.9% y-o-y in April
Shipping’s future in focus at “Maritime Cyprus 2025”
Christodoulides showcases over 80 projects worth over €1b for the city and province of Nicosia