Insider Economy Cyprus inflation speeds up in January

Cyprus inflation speeds up in January

Cyprus` consumer price index (CPI) rose 2.0 percent in January year-on-year after climbing 1.7% in the previous month, data from the Statistical Service of Cyprus showed Thursday.

“In January 2019 the Consumer Price Index decreased by 0,95 units and reached 99,76 units compared to 100,71 units in December 2018. Compared to January 2018, the CPI increased by 2.0%” Cystat reported.

“In the twelve-month period from February 2018 to January 2019, in comparison to the period from February 2017 to January 2018, the annual average rate of change of the CPI was 1.7%. The corresponding annual average rate of change of the CPI in the previous twelve-month period was  0.4%” it said.

According to the Statistical Service, electricity recorded the largest change increasing by 34.9%, compared to January last year, whereas agricultural goods presented the largest change with 10.4%, compared to December 2018.

Housing, water, electricity, gas and other fuels recorded the largest positive change with 10%. compared with January 2018. The largest negative change (16.9%) was in clothing and footwear.

Food and non-alcoholic beverages and housing, water, electricity, gas and other fuels had the largest positive effect on the change of the CPI in January 2019 compared with the same month last year, with 1,28 units and 1,11 units respectively.

Clothing and Footwear had the largest negative effect on the CPI with -1,29 units compared with the previous month, while Food and Non-Alcoholic Beverages had the highest positive effect with 0,89 units.

(Cyprus News Agency)

Top Stories

The coronavirus has killed 2.1 million people in the world, almost half in the Americas

The deaths in the Covid-19 pandemic around the world have risen this Sunday to 2.1 million, 15,800 of them registered in the last day,...

Germany expects EU approval for AstraZeneca COVID-19 vaccine on Friday

The European Medicines Agency (EMA) is expected to approve the COVID-19 vaccine developed by AstraZeneca and Oxford University on Friday, a spokesman of German's...

SMS: For the first time, physical exercise first

The number of the sms movement requests sent on Sunday to 8998 in Cyprus were significantly higher than the requests sent on Saturday and...

1,100 appointments for over 90 booked so far

As of this morning, the Vaccination Portal is available for citizens over 90 years of age. According to the Health Ministry, until 1:00, some 1,100...

Hooded persons throw stones against firemen and policemen

Around 18:00 on Sunday the Police received information about a fire in the yard of a school in Lakatamia. Members of the Police and...


Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...


No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...