Statistical data analysed and published by Eurostat shows how the features of the economy of the European Union and its member states have evolved since the year 2000.

The just-published figures show that tobacco and alcohol, alongside housing, water, electricity and gas have increased by 91.8% and 66% respectively overall in Cyprus during the period.

On average, the price for alcoholic beverages and tobacco in the European Union (EU) increased by 92.1%.

Meanwhile, the average price for housing, water, electricity and gas have increased by 57.2% between 2000 and 2017.  In Cyprus the same figure was 64%, 9 percentage points above the EU average.

The highest price hike amongst EU member states for housing, water, electricity, gas and alcoholic beverages and tobacco was reported in Romania with an increase 536.5% and 726.5% respectively.

Moreover, between 2000 and 2017, the prices for food and non-alcoholic beverages in Cyprus increased by 62.6%. By contrast, on average, prices for food and non-alcoholic beverages in the EU increased by 43.3%.

Interestingly, the same data also show that in the span of 17 years, the prices for clothing and footwear have decreased by 20.8% in Cyprus while the EU average has gone up by 0.8%.

On a different note, with 42.4%, Cyprus also registered the biggest decrease in communication charges amongst EU countries. EU average in communications charges decreased by 21.7%.

Source: Cyprus Mail