Inflation 1.6%
The Consumer Price Index (CPI) in March 2025 increased by 0.14 points to 117.25 points, compared to 117.11 points in February 2025. Inflation in March 2025 rose at a rate of 1.6%. (Table 1)
The largest change in the economic categories compared to March 2024 and compared to the previous month was recorded in Agricultural Products with a percentage of 6.6% and -2.4% respectively. (Table 2)
Analysis of Percentage Changes
Compared to March 2024, the largest changes were observed in the categories Clothing and Footwear (-7.8%), Restaurants and Hotels (5.1%), Housing, Water Supply, Electricity and LPG (4.2%) and Education (3.7%). (Table 1)
Compared to February 2025, the largest change was observed in the Clothing and Footwear category (2.8%). (Table 1)
For the period January-March 2025, compared to the corresponding period last year, the largest changes were recorded in the categories Clothing and Footwear (-5.3%), Restaurants and Hotels (4.2%) and Education (3.7%). (Table 1)
Unit Impact Analysis
The categories Housing, Water, Electricity and LPG (0.66) and Restaurants and Hotels (0.54) had the greatest positive impact on the change in the CPI of March 2025, compared to March 2024, while the category Clothing and Footwear (-0.59) had the greatest negative impact on the change in the CPI of March 2025 compared to March 2024. (Table 3)
The largest impact on the change in the CPI compared to the previous month was had by the category Food and Non-Alcoholic Beverages (-0.27). (Table 3)
The largest positive impact on the change in the CPI of March 2025 compared to the March 2024 index was had by Catering Services (0.53) and Electricity (0.29), while the largest negative impact was had on Clothing (-0.40). (Table 4)
Catering Services had the greatest positive effect on the change in the CPI of March 2025 compared to the corresponding index of the previous month (0.19), while Fresh Vegetables had the greatest negative effect (-0.35). (Table 5)
| Table 1 | |||||
| Categories of Goods and Services | CPI (2015=100) | Changes (%) | |||
| February 2025 | March 2025 | Mar 25/ Mar 24 | Mar 25/ Feb 25 | Jan-Mar 25/ Jan-Mar 24 | |
| Food Non-Alcoholic Beverages | 122,97 | 121,53 | 2,12 | -1,17 | 3,05 |
| Alcoholic Beverages and Tobacco | 103,57 | 103,67 | 1,16 | 0,10 | 1,51 |
| Clothing Footwear | 93,71 | 96,32 | -7,79 | 2,79 | -5,27 |
| Housing, Water, Electricity and LPG | 146,59 | 147,12 | 4,17 | 0,36 | 2,91 |
| Furniture, Home Appliances Cleaning Products | 103,55 | 104,01 | -0,99 | 0,44 | -0,69 |
| Health | 108,03 | 108,23 | 1,94 | 0,19 | 1,80 |
| Transport | 115,66 | 114,75 | 1,19 | -0,79 | 2,72 |
| Communications | 91,50 | 91,63 | 0,08 | 0,14 | 0,14 |
| Leisure and Culture | 116,50 | 116,75 | 2,56 | 0,21 | 2,68 |
| Education | 116,08 | 116,08 | 3,73 | 0,00 | 3,73 |
| Restaurants Hotels | 130,38 | 132,70 | 5,10 | 1,78 | 4,22 |
| Other Goods and Services | 111,35 | 111,84 | 1,05 | 0,44 | 1,32 |
| General Index of Consumer Prices | 117,11 | 117,25 | 1,59 | 0,12 | 1,99 |
| Table 2 | |||
| Financial Categories | Weighting | Changes (%) | |
| Mar 25/ Mar 24 | Mar 25/ Feb 25 | ||
| Agricultural Products | 749 | 6,63 | -2,40 |
| Industrial Products (except Petroleum Products) | 4021 | -1,54 | 0,37 |
| Electricity | 316 | 5,37 | 0,00 |
| Mineral oils | 871 | 0,88 | -1,20 |
| Water | 72 | 0,00 | 0,00 |
| Services | 3971 | 3,35 | 0,72 |
| General Index | 10000 | 1,59 | 0,12 |
| Table 3 | |||
| Categories of Goods and Services | Weighting | Impact (units) | |
| Mar 25/ Mar 24 | Mar 25/ Feb 25 | ||
| Food Non-Alcoholic Beverages | 1906 | 0,48 | -0,27 |
| Alcoholic Beverages and Tobacco | 347 | 0,04 | 0,00 |
| Clothing Footwear | 721 | -0,59 | 0,19 |
| Housing, Water, Electricity and LPG | 1119 | 0,66 | 0,06 |
| Furniture, Home Appliances Cleaning | 644 | -0,07 | 0,03 |
| Health | 637 | 0,13 | 0,01 |
| Transport | 1524 | 0,21 | -0,14 |
| Communications | 439 | 0,00 | 0,01 |
| Leisure and Culture | 575 | 0,17 | 0,01 |
| Education | 392 | 0,16 | 0,00 |
| Restaurants Hotels | 836 | 0,54 | 0,19 |
| Other Goods and Services | 860 | 0,10 | 0,04 |
| General Index of | 10000 | 1,84 | 0,14 |
| Note: Sums are calculated on the basis of individual effects with infinite decimal places and are published by rounding two decimal places. Possible differences in the totals are due to a rounding error. | |||
| Table 4 | |
| Products/Services | Impact (units) |
| Mar 25/ Mar 24 | |
| Positive Impact | |
| Catering | 0,53 |
| Electricity | 0,29 |
| Fresh Fruits | 0,26 |
| Services for Regular Home | 0,19 |
| Meat | 0,18 |
| Miscellaneous Other Products and Services | 0,85 |
| Negative Impact | |
| Clothing | -0,40 |
| Oils and Fats | -0,05 |
| Air Fares | -0,01 |
| OVERALL TOTAL | 1,84 |
| Table 5 | |
| Products/Services | Impact (units) |
| Mar 25/ Feb 25 | |
| Positive Impact | |
| Catering | 0,19 |
| Clothing | 0,12 |
| Fresh Fruits | 0,11 |
| Services for Regular Home | 0,07 |
| Footwear | 0,07 |
| Miscellaneous other products and services | 0,07 |
| Negative Impact | |
| Fresh Vegetables | -0,35 |
| Mineral oils | -0,14 |
| OVERALL TOTAL | 0,14 |
Methodological Information
Definitions
The Consumer Price Index (CPI) is an economic indicator compiled to measure the changes over time in the prices of consumer goods and services acquired, used or paid for by households (residing in Cyprus or intending to reside in Cyprus for at least one year). The CPI is the official indicator for calculating inflation.
Inflation shows the change in the CPI compared to the corresponding month of the previous year.
The Impact represents the amount of the total change in the CPI, which is due to the mentioned category/good/service.
Pricing
Pricing is carried out only in the urban areas of the Districts of Nicosia, Larnaca, Limassol and Paphos. For each city, the price fluctuations by product and service for each month are weighted according to the population. Specifically, the weightings for the four Districts: Nicosia 42%, Limassol 30%, Larnaca 18% and Paphos 10%.
The prices of the 805 products and services included in the CPI are monitored and recorded once each month, except for some seasonal products (e.g. vegetables and fruits), meat and fuel, whose prices are collected weekly (every Thursday).
Base Year
The base year from January 2006 to December 2015 was 2005=100. From January 2016 onwards, the reference year is 2015=100.
Classification
Until December 2015, the CPI was calculated and published on the basis of the COICOP4 classification, which determines the category of products down to the four digits of analysis. From January 2016 onwards, the CPI is calculated and published based on the ECOICOP classification, following a relevant European Union regulation. Therefore, the lowest level of detail for the ECOICOP classification used in the CPI is the five digits of resolution.
Products/Services and Weights
Effective January 2018, both CPI products and their weightings have been revised. The revision was based on the results of the 2015/2016 Family Budget Survey.
For more information, interested parties can visit the Statistical Service Portal, subtopic Price Indices, CYSTAT-DB (Database), Predefined Tables (Excel), Methodological Information or contact Mr. Sofronis Vikis by phone at 22602206 or by e-mail at svikis@cystat.mof.gov.cy, Mr. Kyriakos Voutouris by telephone at 22605132 or by e-mail at kvoutouris@cystat.mof.gov.cy address, or Mr. Philippos Kakoutsis by telephone at 22605149 or by e-mail at fkakoutsis@cystat.mof.gov.cy
The Predefined Tables in Excel format are updated with data up to and including December 2021. For January 2022 and later, the update is only available in the CYSTAT-DB Database.
