Cyprus’ Harmonised Consumer Price Index (HCPI) increased by 2.3 per cent year-on-year in February 2025, according to the state statistical service.

In addition, the index rose rose by 0.3 per cent when compared to January of the same year.

Compared to February 2024, the largest price increases were recorded in the categories of recreation and culture, which saw a rise of 7.2 per cent, and restaurants and hotels, which increased by 4.7 per cent.

In contrast, the category of clothing and footwear experienced the most significant decline, dropping by 4.9 per cent.

On a monthly basis, the most notable changes compared to January 2025 were seen in transport, which increased by 1.2 per cent, and clothing and footwear, which rose by 0.8 per cent.

For the period of January to February 2025, compared to the same period in the previous year, the most significant increase was observed in recreation and culture, which rose by 7.3 per cent.

This was followed by rises in the category of restaurants and hotels with 4.7 per cent, as well as food and non-alcoholic beverages with 3.9 per cent.

In terms of economic categories, the largest annual increase in February 2025 was recorded in services, which rose by 4.3 per cent, and energy, which saw an increase of 3.4 per cent.

On a monthly basis, the most notable rise was also in the energy category, which increased by 1.2 per cent compared to January 2025.