Cyprus Consumer Price Index (CPI): January 2025

The Consumer Price Index (CPI) in January 2025 decreased by 1,58 points, reaching 116,73 units compared to 118,31 units in December 2024. Inflation in January 2025 increased at a rate of 2,5%. (Table 1)

The largest change in economic categories compared to January 2024 and the previous month was recorded in Agricultural Goods, with percentages of 10,0% and -6,1%, respectively. (Table 2)

Analysis of Percentage Changes

Compared to January 2024, the largest changes were observed in the categories of Food and Non-Alcoholic Beverages (4,8%) and Restaurants and Hotels (4,1%). (Table 1)

In relation to December 2024, the most significant change was recorded in the category of Clothing and Footwear (-13,0%). (Table 1)

Analysis of Effects in Units

The largest positive impact on the change in the Consumer Price Index (CPI) of January 2025 compared to January 2024 was observed in the categories of Food and Non-Alcoholic Beverages (1,07) and Transport (0,56). (Table 3)

The largest negative impact on the change in the CPI of January 2025 compared to January 2024 was recorded in the category of Clothing and Footwear (-0,18). (Table 3)

The most significant impact on the change in the CPI compared to the previous month was in the category of Clothing and Footwear (-1,00). (Table 3)

The biggest positive impact on the change in the CPI of January 2025 compared to the index of January 2024 was observed in the categories of Catering Services (0,48), Fresh Vegetables (0,36), and Meat (0,24), while the most significant negative impact was recorded in the category of Clothing Items (-0,81). (Table 4)

Petroleum Products had the most significant positive impact on the change in the CPI of January 2025 compared to the corresponding index of the previous month (0,15), while the most significant negative impact was recorded in the category of Clothing Items (-0,71). (Table 5)