Cyprus consumer prices increase in February
The harmonised index of consumer prices in Cyprus (HICP) increased by 2.1 per cent in February 2024 compared to February 2023. The Restaurants and Hotels category saw the largest increase of 6.1 per cent, while the Services category experienced the highest growth rate of 4.2 per cent. Month-to-month, the index rose by 0.8 per cent, with Clothing and Footwear recording a 3.4 per cent increase. The Food, Alcoholic Beverages, and Tobacco sectors marked the largest increase at a rate of 2.2 per cent. Cumulatively, from January to February 2024, there was a 2.1 per cent increase compared to the same period in the previous year, with notable changes in the Restaurants and Hotels (5.9 per cent), Alcoholic Beverages and Tobacco (3.1 per cent), and Other Goods and Services (3 per cent) categories.
