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Inflation in Cyprus to drop to 1.6% in March according to Eurostat estimates

Annual inflation in Cyprus is expected to be 1.6% in March 2024, down from 2.1% in February, according to a flash estimate from Eurostat.

In the eurozone, annual inflation is expected to be 2.4% in March 2024, down from 2.6% in February.

Looking at the main components of euro area inflation, services is expected to have the highest annual rate in March (4.0%, stable compared with February), followed by food, alcohol & tobacco (2.7%, compared with 3.9% in February), non-energy industrial goods (1.1%, compared with 1.6% in February) and energy (-1.8%, compared with -3.7% in February).

(Source: CNA)

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