Inflation in Cyprus reached 3.3% in April 2011, compared to 2.4% in the previous year and 2.8% in the previous month.

According to an official press release, the Consumer Price Index for April increased by 1.34 units or 1.16% to 116.46 units compared to 115.12 in March 2011.

According to Cyprus Statistical Service, this is mainly due to increases in the prices of certain clothing and footwear items, electricity and petroleum products. Decreases have been recorded in the prices of certain fresh vegetables and fresh lamb’s meat.

The rate of increase of the Index, and therefore the rate of inflation, for April 2011 rose to 3.3% compared to 2.8% in March 2011 and 2.4% in April 2010.

For the period January-April 2011, the CPI recorded an increase of 2.9% compared to the corresponding period of 2010

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