Nicosia: The Harmonized Index of Consumer Prices (HICP) experienced a modest rise of 0.4% from May 2024 to May 2025, as announced by the Statistical Service on Wednesday.
According to Cyprus News Agency, between April 2025 and May 2025, the HICP showed a slight increase of 0.2%. When comparing the period from January to May 2025 with the same months in 2024, the HICP recorded a 1.8% increase.
In comparison to May 2024, notable increases were seen in the categories of Recreation and Culture at 7.7% and Restaurants and Hotels at 5.2%, while the Transport category experienced a decrease of 6.5%.
Compared to April 2025, the most significant rise was in the Clothing and Footwear category at 2.6%, while Transport saw the largest decline at 4.4%.
For the period from January to May 2025, relative to the same timeframe in the previous year, Recreation and Culture and Restaurants and Hotels showed increases of 7.3% and 5.3% respectively, whereas Clothing and Footwear recorded a decrease of 5.6%.
The most significa
nt change in economic categories was observed in Energy, which saw a decrease of 11.4% compared to May 2024, and a 1.7% drop compared to April 2025.