Rate of inflation decreased by 2.3% in March 2014

The rate of inflation for March 2014 decreased by 2.3% compared to -2.6% in February 2014 and 1.1% in March 2013.

According to the Statistical Service of the Republic of Cyprus, the Consumer Price Index for March 2014 increased by 1.15 units or 0.99% to 117.52 units compared to 116.37 in February 2014. This is mainly due to increases in the prices of certain clothing and footwear items, air fares and petroleum products. Decreases have been recorded in the prices of certain vegetables and electricity.

Source: Famagusta Gazette