Cyprus consumer price index drops to 1.6 per cent in March

The annual inflation rate of the Harmonised Consumer Price Index in Cyprus dropped to 1.6 per cent in March, mainly driven downward by a decrease in energy prices, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat).

According to the report, when compared to the previous month, the inflation rate for March was limited to 0.8 per cent, while for the period between January and March 2024, the annual inflation rate stood at 2 per cent.

It should be...