Nicosia: Inflation in April 2025 increased at a rate of just 0.2%, according to the Cyprus Statistical Service (CyStat), mainly due to the decline of petroleum products and electricity prices. The Consumer Price Index (CPI) in April 2025 rose by 0.06 points, reaching 117.31 units compared to 117.25 units in March 2025.
According to Cyprus News Agency, the largest positive changes among the economic categories compared to April 2024 were recorded in Agricultural Products (9.3%) and Services (3.7%), while the most significant negative changes were observed in Petroleum Products (-9.4%) and Electricity (-8.8%). Compared to March 2025, the greatest change was recorded in Electricity with a rate of -8.5%.
In terms of percentage changes, compared to April 2024, significant increases were noted in Restaurants and Hotels (5.2%) and Education (3.7%), whereas decreases were seen in Clothing and Footwear (-7.1%) and Transport (-3.6%). In comparison with March 2025, notable changes occurred in the categories of Clothing and Footwear (4.7%) and Housing, Water Supply, Electricity and Gas (-3.1%).
For the period from January to April 2025, compared to the same period last year, significant increases were observed in Restaurants and Hotels (4.5%) and Education (3.7%), with the most considerable decrease in Clothing and Footwear (-5.8%).
According to CyStat, the largest positive impact on the change of the Consumer Price Index (CPI) in April 2025 compared to April 2024 was recorded in the categories of Food and Non-Alcoholic Beverages (0.59) and Restaurants and Hotels (0.55), with the most significant negative impact coming from Transport (-0.66). Specifically, the largest positive impact on the CPI change in April 2025 compared to April 2024 was observed in Catering Services (0.57) and Fresh Fruit (0.37), while the most significant negative impact came from Petroleum Products (-0.25).
The category Housing, Water Supply, Electricity and Gas in April 2025 had the greatest impact on the CPI change compared to March 2025, with a contribution of -0.51. Clothing Items (0.20) and Airfares (0.17) had the highest positive contribution to the CPI change in April 2025 compared to March 2025, while Electricity had the greatest negative impact (-0.48).