📋 Tender Overview
The Consumer Price Index (CPI) in March 2025 increased by 0,14 points, reaching 117,25 units compared to 117,11 units in February 2025. Inflation in March 2025 increased at a rate of 1,6%. (Table 1) The largest change in economic categories compared to March 2024 and the previous month was recorded in , with percentages of 6,6% and -2,4%, respectively. (Table 2) Analysis of Percentage Changes Compared to March 2024, the largest changes were observed in the categories of (-7,8%), (5,1%), (4,2%), and (3,7%). (Table 1) Compared to February 2025, the largest change was recorded in the category (2,8%). (Table 1) For the period January-March 2025, compared to the same period of the previous year, the largest changes were observed in the categories of (-5,3%), (4,2%), and (3,7%). (Table 1) Analysis of Effects in Units The largest positive impact on the change in the Consumer Price Index (CPI) for March 2025 compared to March 2024 was observed in the categories of (0,66) and (0,54). On the other hand, the category of had the largest negative impact (-0,59). (Table 3) The category with the greatest impact on the change in the CPI compared to the previous month was (-0,27). (Table 3) The largest positive impact on the change in the CPI for March 2025 compared to March 2024 was recorded in the (0,53) and (0,29), while the largest negative impact came from (-0,40). (Table 4) had the most significant positive impact on the CPI change for March 2025 compared to the previous month (0,19), while the largest negative impact was observed in (-0,35). (Table 5) Table 1 Categories of Goods and Services CPI (2015=100) Change (%) February2025 March2025 Mar 25/Mar 24 Mar 25/ Feb 25 Jan-Mar 25/ Jan-Mar 24 Food and Non-Alcoholic Beverages 122,97 121,53 2,12 -1,17 3,05 Alcoholic Beverages and Tobacco 103,57 103,67 1,16 0,10 1,51 Clothing and Footwear 93,71 96,32 -7,79 2,79 -5,27 Housing, Water, Electricity, Gas and Other Fuels 146,59 147,12 4,17 0,36 2,91 Furnishings, Household Equipment and Routine Maintenance of the House 103,55 104,01 -0,99 0,44 -0,69 Health 108,03 108,23 1,94 0,19 1,80 Transport 115,66 114,75 1,19 -0,79 2,72 Communication 91,50 91,63 0,08 0,14 0,14 Recreation and Culture 116,50 116,75 2,56 0,21 2,68 Education 116,08 116,08 3,73 0,00 3,73 Restaurants and Hotels 130,38 132,70 5,10 1,78 4,22 Miscellaneous Goods and Services 111,35 111,84 1,05 0,44 1,32 General Consumer Price Index 117,11 117,25 1,59 0,12 1,99 Table 2 Economic Origin Weights Change (%) Mar 25/ Mar 24 Mar 25/ Feb 25 Agricultural goods 749 6,63 -2,40 Industrial goods (excl. petroleum products) 4021 -1,54 0,37 Electricity 316 5,37 0,00 Petroleum products 871 0,88 -1,20 Water 72 0,00 0,00 Services 3971 3,35 0,72 General Index 10000 1,59 0,12 Table 3 Categories of Goods and Services Weights Effect (units) Mar 25/ Mar 24 Mar 25/ Feb 25 Food and non-Alcoholic Beverages 1906 0,48 -0,27 Alcoholic Beverages, Tobacco 347 0,04 0,00 Clothing and Footwear 721 -0,59 0,19 Housing, Water, Electricity, Gas and Other Fuels 1119 0,66 0,06 Furnishings, Household Equipment and Routine Maintenance of the House 644 -0,07 0,03 Health 637 0,13 0,01 Transport 1524 0,21 -0,14 Communication 439 0,00 0,01 Recreation and Culture 575 0,17 0,01 Education 392 0,16 0,00 Restaurants and Hotels 836 0,54 0,19 Miscellaneous Goods and Services 860 0,10 0,04 General Consumer Price Index 10000 1,84 0,14 Note: Totals are calculated on the basis of the effects of the categories with infinite decimal figures and rounded up to two decimals when published. Figures may not add to totals due to rounding error. Table 4 Goods/Services Effect (units) Mar 25/ Mar 24 Catering Services 0,53 Electricity 0,29 Fresh Fruit 0,26 Services for Regular Household Maintenance 0,19 Meat 0,18 Various Other Products and Services 0,85 Clothing Items -0,40 Oils and Fats -0,05 Airline Fares -0,01 TOTAL 1,84 Table 5 Goods/Services Effect (units) Mar 25/ Feb 25 Catering Services 0,19 Clothing Items 0,12 Fresh Fruit 0,11 Services for Regular Household Maintenance 0,07 Footwear 0,07 Various Other Products and Services 0,07 Fresh Vegetables -0,35 Petroleum Products -0,14 TOTAL 0,14 Methodological Information Definitions The Consumer Price Index (CPI) is compiled to measure the changes of prices over time of consumer goods and services acquired, used or paid by households. Specifically, the national CPI of Cyprus covers the consumption expenses of specific goods and services (shopping basket of goods and services), of the resident households and of the households that intend to live in Cyprus for at least one year. CPI is the official index for the estimation of inflation. The Inflation shows the change of the CPI when compared with the index of the corresponding month of the previous year. The Effect represents the amount of the overall change in the General Index which is accounted for by any given category/product/service. Price Collection The price collection is carried out only in urban districts of Lefkosia, Larnaka, Lemesos, and Pafos. For each city, the fluctuations in the product and services prices for each month are weighted according to their population. Specifically, the weights for the four districts are: Lefkosia 42%, Lemesos 30%, Larnaka 18%, and Pafos 10%. The prices of 805 goods and services, which are included in the CPI, are recorded once every month, except for some seasonal products (e.g. vegetables and fruit), meat and fuels, for which prices are collected every week (every Thursday). Base Year The index reference period was 2005=100 for the period between January 2006 and December 2015. From January 2016 and onwards, the base year is 2015=100. Classification Until December 2015, COICOP 4 classification up to four digits level of analysis was used for the calculation and the dissemination of the CPI. From January 2016 and onwards, CYSTAT is adopting the ECOICOP classification satisfying relevant European Union Regulation. Consequently, the lowest level of detail for the classificatio
