Statistical Service

Inflation in Cyprus continued to slow in July, rising to 1.5%, the lowest rate since March 2021.

In July 2023, the Consumer Prices Index rose 0.92 points to 115.30 points from 114.38 units in June, according to the Statistical Service.

For the seven months January-July 2023, the consumer price index increased by 4.2% compared to the same period last year. [Financial Mirror]

Inflation in Cyprus reached its lowest level in 25 months in June 2023 and stood at 1.9% on an annual basis, mainly due to the decline in food prices.

According to the Statistical Service, the Consumer Price Index (CPI) and thus inflation decreased in June 2023 by 0.34 points to 114.38 points, compared to 114.72 points in May 2023.

Total public sector employment in Cyprus decreased by 3.3% in March 2023, compared to March 2022, according to data published by the Statistical Service (CyStat) on Tuesday.

The total number of people employed by the state declined by 1,778 and reached 52,103 people.

Inflation in Cyprus dropped for the seventh consecutive month to reach 6.7% in February. This is a significant decrease from the peak of 10.6% recorded in July 2022.

Cyprus' trade deficit jumped in January 2023, according to preliminary data published on Monday by the country's Statistical Service (CyStat), since the increase in imports was more than three times the increase in exports.

The trade deficit reached 1.39 billion euros in January 2023 compared to €528.7 million in the corresponding month of 2022, recording an increase of 163.5%.

The average gross monthly earnings of employees in Cyprus stood at 1,827 euros in the third quarter of 2018 compared to 1,772 euros during the third quarter of 2017, an increase of 3.1 percent, according to provisional data published by the Statistical Service on Monday.