Inflation in Cyprus declined to 2.1% in March 2025, marking a slight drop from the 2.3% recorded in February, according to a flash estimate released by Eurostat, the European Union’s statistical office.
Despite this decrease, inflation remains higher than in March 2024, when it stood at 1.6%, indicating a year-on-year increase.
Across the eurozone, inflation also saw a marginal decline, registering at 2.2% in March, compared to 2.3% in February and 2.4% in March of the previous year.
Breaking down the key contributors to inflation within the euro area, services experienced the highest annual rate in March at 3.4%, though slightly lower than February’s 3.7%. The food, alcohol, and tobacco sector followed, with inflation rising to 2.9% from 2.7% in February. Meanwhile, non-energy industrial goods remained stable at 0.6%, and energy prices saw a downturn, falling to -0.7% in March after recording 0.2% in February.
These figures provide insight into inflationary trends in Cyprus and the broader eurozone, reflecting both short-term fluctuations and long-term shifts in economic conditions.
Source: Stockwatch.com.cy