Inflation in Cyprus increased in April 2021 by 1.6%, in relation to the corresponding month of 2020, mainly due to increase in petroleum and electricity. It is the first month of inflation since the outbreak of the pandemic in Cyprus in March 2020.
Deflation of 1.21% was recorded in April 2020, while deflationary pressures continued until March 2021.
According to a press release issued on Thursday by the Statistical Service of Cyprus, in April 2021, the Consumer Price Index increased by 0.82 units and reached 101.43 units compared to 101,61 units in March 2021.
For the period January-April 2021, the CPI decreased by 0.7% compared to the corresponding period of the previous year.
As regards the economic origin, the largest change when compared to the index of April 2020 was recorded in Petroleum products (15.1%) In comparison
Source: Cyprus News Agency