Cyprus: Harmonized inflation drops in January
Latest reading: Harmonized inflation fell to 2.9% in January, easing slightly from December’s 3.1%. The drop was largely due to a softer increase in prices for food and non-alcoholic beverages.
The trend was unchanged, with annual average harmonized inflation coming in at December’s 2.3% in January. Meanwhile, consumer price inflation fell to 2.5% in January from December’s 2.6%.
Finally, harmonized consumer prices fell 1.44% in January over the previous month, a sharper drop than the 0.31% fall logged in December. January’s result marked the sharpest fall in prices since November 2023.