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Inflation at 6.1% and 6th lowest in Europe

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For the period January – March 2023, there was an increase of 6.5% compared to the corresponding period last year.

Πληθωρισμoς στο &kappa 6.1% ;αι 6ος χαμηλoτερος στην Ευρoπη

The biggest change occurred in the Energy category.

The Harmonized Index of Consumer Prices in March 2023 compared to March 2022 is recorded at 6.1%, while compared to the previous month it increased by 1.3%. For the period January – March 2023, there was an increase of 6.5% compared to the corresponding period last year. Compared to March 2022, the categories Housing, Water, Electricity and LPG (15.5%) and Restaurants and Hotels (9.1%) showed the biggest changes.

In relation to February 2023, the largest change was recorded in the Clothing and Footwear category (9.7%). For the period January – March 2023 compared to the corresponding period last year, the largest changes were observed in the categories Housing, Water Supply, Electricity and LPG (17.4%) and Food and Non-Alcoholic Beverages (9.0%). The biggest change in economic categories compared to March 2022 was observed in the Energy category with a rate of 10.3%. Compared to the previous month, the category Non-energy industrial products (3.2%) saw the biggest change.

It is noted that this is a slowdown of the inflationary trends of the last months, while according to Eurostat data the annual inflation rate in Cyprus is the 6th lowest in the EU.

Π ληθωρισμoς στο 6.1% και 6ος χαμηλoτ ερος στην Ευρoπη

Source: www.kathimerini.com.cy

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