03/03/2022 16:09
Prices in petroleum products, electricity and fruits and vegetables have driven inflation up in February by 6.6%, according to data published by Cyprus Statistical Service.
In February 2022, the Consumer Price Index increased by 1.27 units and reached 105.84 units compared to 104.57 units in January 2022.
For the period January-February 2022, the CPI increased by 6.0% compared to the corresponding period of the previous year.
As regards the economic origin, the largest changes when compared to the index of February 2021 were recorded in Petroleum Products (28.4%), in Electricity (22.4%) and in Agricultural Goods (17.5%). In comparison to the index of the previous month, the largest change was monitored in Agricultural Goods (9.6%).
Compared to February 2021, the largest changes were monitored in the categories Transport (14.8%) and Housing, Water, Electricity, Gas and Other Fuels (13.3%).
In comparison to the CPI of the previous month, the largest change was noted in Food and non-Alcoholic Beverages (4.7%).
For the period January–February 2022, compared to the corresponding period of the previous year, the largest changes were recorded in Transport (14.1%) and Housing, Water, Electricity, Gas and Other Fuels (13.7%).
Compared to the Index of February 2021, the categories Transport (2.15), Housing, Water, Electricity, Gas and Other Fuels (1.58) and Food and non-Alcoholic Beverages (1.53) had the largest effect on the change of the CPI.
The category Food and non-Alcoholic Beverages (0.92) had the largest effect on the change of the CPI compared to the previous month.
Petroleum Products (2.11), Fresh Vegetables (0.89) and Electricity (0.73) had the most notable effect on the change of the CPI of February 2022 compared to February 2021.
Finally, Fresh Vegetables (0.65) and Petroleum Products (0.49) had the largest positive effect on the change of the CPI of February 2022 compared to the previous month.