March Harmonized Price Index down compared to March 2107, records increase compared to February

The Harmonized Price Index for March 2018 decreased by 0,4% when compared to March 2017, while compared to February of 2018 increased by 0,9%. For the period January-March 2018 the HICP recorded a decrease of -0,8% compared to the corresponding period of the previous year.

According to a press release by the Cyprus Statistical Service, compared to March 2017, the largest changes were noted in Clothing and Footwear (-5,6%) and Furnishings, Household Equipment and Routine Maintenance of the House (-3,5%).

In comparison to HICP of February 2018, the largest change was recorded in Clothing and Footwear (7,8%).

For the period January-March 2018, compared to the corresponding period of the previous year, the largest change was noted in Clothing and Footwear (-5,5%). (Table 1)

As regards to the economic origin, the largest change when compared both to the index of March 2017 and to the index of the previous month, was observed in Non Energy Industrial Goods with a percentage of -2,7% and 2,2% respectively.

Source: Cyprus News Agency