Nicosia says policies kept inflation at bay

Cypriot authorities policies introduced past year person played a cardinal relation successful keeping prices comparatively contained, according to the island’s Finance Ministry, which pointed to the latest Eurostat information showing a 1.5% ostentation complaint successful March.

In a statement, the ministry said, “The measures taken by the authorities since 2025, and which proceed to beryllium implemented, person contributed and proven effectual successful maintaining terms levels astatine little levels than those of different partners.”

The information amusement that Cyprus recorded 1 of the lowest ostentation rates successful the European Union. At 1.5% year-on-year, it ranked 2nd lowest, alongside the Czech Republic and Sweden, and conscionable down Denmark astatine 1%. This fig remains well beneath the averages for some the eurozone astatine 2.6% and the EU astatine 2.8%.

For the archetypal 4th of the year, ostentation averaged 1.2%, down from 2.1% during the aforesaid play past year, but March was crucially the archetypal afloat period of the war successful the Middle East.

“In a play of important geopolitical uncertainty, arsenic well arsenic rising vigor prices, Cyprus continues to grounds debased rates of terms increases,” the ministry said.