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Cyprus Inflation March 2020

Cyprus: Inflation slips in March

Consumer prices rose 0.1% from the previous month in March, following February’s 0.4% month-on-month increase. According to the Statistical Service of Cyprus (CYSTAT), the reading mainly reflected a sharp increase in prices for clothing and footwear outweighing lower prices for food and non-alcoholic beverages, and transport.

Inflation slipped to 0.7% in March from 1.3% in February, which had marked an 11-month high. Meanwhile, annual average inflation ticked down to 0.1% from 0.2% in the prior month. Lastly, harmonized inflation edged up to 1.0% in February (January: 0.7%), which is the latest month for which data is available.

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