Cyprus inflation falls to 3.7 pct in April

NICOSIA, May 4 (Xinhua) -- Cyprus' inflation rate fell for a ninth consecutive month to 3.7 percent year-on-year in April, the lowest level since peaking at 10.6 percent in July 2022, the Statistical Service of Cyprus (CYSTAT) said on Thursday.

In April, the inflation rate in Cyprus was the lowest in the eurozone, slightly above that of Luxembourg and almost one-half of the eurozone average, which is expected to be 7 percent, up from 6.9 percent in March.