Cyprus inflation up by 2.1 per cent in April

The harmonised inflation rate in Cyprus increased by 2.1 per cent in April 2024 compared to the same period the previous year, according to the Cyprus Statistical Service.

Official data showed that the index rose by 1.4 per cent from the previous month, driven largely by a significant 7.6 per cent increase in energy prices compared to March 2024.

For the period from January to April 2024, there was a 2 per cent increase compared to the same period last year.

Compared to April 2023, the categories of Restaurants and Hotels (5.4 per cent) and Housing, Water, Electricity, and Gas (3.5 per cent) showed the largest positive changes.

Relative to March 2024, the largest changes were recorded in the categories of Transport (4.5 per cent) and Clothing and Footwear (4.4 per cent).

For the January to April 2024 period, compared to the same period last year, the largest change was observed in the category of Restaurants and Hotels (5.7 per cent).

The most significant changes in economic categories, compared both to April 2023 and the previous month, were observed in the Energy category with rates of 6.4 per cent and 7.6 per cent, respectively.