Financial News: Cyprus HICP Inflation Slows For Third Month

Cyprus HICP Inflation Slows For Third Month

04/16/2025 - 10:58:00 (RTTNews)

(RTTNews) - Cyprus' harmonized inflation rate that is considered for comparison of price growth among EU member states slowed for a third month in a row in March, data from the statistical office showed on Wednesday.

The harmonized index of consumer prices rose 2.1 percent year-on-year following a 2.3 percent increase in February. The EU measure of inflation was at its lowest level since October when it was 1.6 percent.

The statistical office said that recreation and culture with an inflation rate of 7.2 percent and restaurants and hotels, where prices were 6.1 percent higher, showed the highest positive changes.

Meanwhile, the clothing and footwear category logged the biggest decline of 7.7 percent.

The HICP rose 0.5 percent from February.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Australia Rate Decision Due On Tuesday (03 hr(s), 14 min(s), 38 sec(s) ago)
(RTTNews) - The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and ...Full Story»

U.S. Leading Economic Index Slumps More Than Expected In April (11 hr(s), 03 min(s), 38 sec(s) ago)
(RTTNews) - The Conference Board released a report on Monday showing its reading on leading U.S. e ...Full Story»

Eurozone Growth Outlook Downgraded; Disinflation To Proceed More Swiftly: EU (12 hr(s), 11 min(s), 38 sec(s) ago)
(RTTNews) - Eurozone economic growth outlook was downgraded substantially for 2025 due to the impa ...Full Story»

Malta HICP Inflation Rises To 2.6% (12 hr(s), 46 min(s), 38 sec(s) ago)
(RTTNews) - Malta's EU measure of inflation accelerated further in April to the highest level ...Full Story»

Eurozone Inflation Steady At 2.2% (15 hr(s), 36 min(s), 38 sec(s) ago)
(RTTNews) - Eurozone consumer prices logged a steady growth in April, final data from Eurostat sho ...Full Story»

Spain Trade Gap Widens In March (16 hr(s), 06 min(s), 38 sec(s) ago)
(RTTNews) - Spain's foreign trade deficit increased notably in March from a year ago, as impor ...Full Story»

Slovakia HICP Inflation Eases To 3.9% (16 hr(s), 57 min(s), 38 sec(s) ago)
(RTTNews) - Slovakia's EU measure of inflation eased in April to the lowest level in four mont ...Full Story»

Austria Inflation Confirmed At 3.1% (17 hr(s), 28 min(s), 38 sec(s) ago)
(RTTNews) - Austria's consumer price inflation rose slightly as initially estimated in April, ...Full Story»