Deflation for March was at -2.3 percent compared to -2.6 percent in February 2014, and 1.1 percent in March 2013, said the Cyprus Statistical Service (CySTAT).
Deflation was at -2.6 percent for the first quarter of 2014, according to the survey.
The Consumer Price Index (CPI) for March 2014 increased by 1,15 units or 0,99% to 117,52 units compared to 116,37 in February 2014, said CySTAT. This is mainly due to increases in the prices of certain clothing and footwear items, air fares and petroleum products. Decreases have been recorded in the prices of certain vegetables and electricity, according to the survey.