Economy category powered by

Cystat: February inflation rose at a rate of 1.9%

Inflation in February increased at a rate of 1.9%, Cystat said, noting that the Consumer Price Index (CPI) in increased by 0.38 points, reaching 117.11 units compared to 116.73 units in January 2025.

The largest change in economic categories compared to February 2024 and the previous month was recorded in Agricultural Goods, with percentages of 7.0% and 2.7%, respectively. 

Compared to February 2024, the largest changes were observed in the categories of Clothing and Footwear (-5.1%), Education (3.7%), Transport (3.7%), and Restaurants and Hotels (3.5%).

Compared to January 2025, the largest change was recorded in the Transport category (1.3%). 

For the period January – February 2025, compared to the same period of the previous year, the largest changes were observed in the categories of Clothing and Footwear (-3.9%), Restaurants and Hotels (3.8%), Education (3.7%), Food and Non-Alcoholic Beverages (3.5%), and Transport (3.5%).

The largest positive impact on the change in the Consumer Price Index (CPI) for February 2025 compared to February 2024 was observed in the categories of Transport (0.62) and Food and Non-Alcoholic Beverages (0.52).

On the other hand, the category of Clothing and Footwear had the largest negative impact (-0.36).  The category with the greatest impact on the change in the CPI compared to the previous month was Transport (0.23). 

The largest positive impact on the change in the CPI for February 2025 compared to February 2024 was recorded in the Petroleum Products (0.40) and Catering Services (0.37), while the largest negative impact came from Clothing Items (-0.23).

Fresh Vegetables had the most significant positive impact on the CPI change for February 2025 compared to the previous month (0.25), while the largest negative impact was observed in Potatoes (-0.06). 

Read More

The essential ingredients for Cyprus’ future as an international business and financial hub
Tourist arrivals up 7.5% in Q1, down 0.8% in March
Cyprus-Germany Business Association holds networking event in Nicosia
Makis Keravnos urges structured dialogue between EU-USA on tariffs
New era at CIBA with Vassilios Demetriades at the helm
Cabinet approves bills for national unit to implement economic sanctions
US Ambassador meets with the President of the Cyprus Olympic Committee at the Olympic House
Second-placed Cyprus among the EU members transporting most freight by sea in 2023
Punin Group launches delicious new venture: The Croissant by Punin
Deputy Minister of Innovation meets with Amazon officials