Most basic goods in Cyprus saw a price drop in February, according to the latest Consumer Price Observatory report from the Consumer Protection Service. However, buyers of fresh vegetables and greens have seen their grocery bill go up.
Out of 45 product categories tracked, 32 recorded price decreases, while 13 saw increases. The majority of these price hikes were small – six categories rose by less than 1%. Still, fresh vegetables jumped 14% compared to January, and a staggering 45.6% compared to February last year. Frozen burgers also saw a big increase, rising by 16.5% from the previous month.
These trends match the data released by the Cyprus Statistical Service (CyStat), which reported a drop in the inflation rate to 1.9% in February, down from 2.5% in January. The decrease is largely due to lower prices in clothing and footwear (-5.1%), while categories like education (+3.7%) and restaurants and hotels (+3.5%) saw increases.
Agricultural products in total experienced the steepest rise, with prices climbing 6.9% against last year and 2.7% from January. Fresh fish and mollusks also became pricier, rising 8% in February and nearly 19% over the past year.