Annual change 1,1%
[/P]According to a preliminary estimate by the Statistical Office, the CPI for the first quarter of 2022 is estimated at 103.95 points. Compared to the fourth quarter of 2021, the CPI increased by 0.5% and compared to the corresponding quarter of 2021 it increased by 1.1%.
The variation of the Index for the period from Q1 2021 to Q1 2022, as well as the quarterly and annual percentage change, is presented in the table below:
| 1st Quarter 2021 | 2nd Quarter 2021 | 3rd Quarter 2021 | 3rd Quarter 2021 |
3rd Quarter 2021
[/TD] [TD]Q4 2021
[/TD] [TD]Q1 2022
[/TD] [/TD] [TR] [TD]Quarterly CPI (2015=100)
[/TD] [/TD] [TD]102,84
[/TD] [TD]104.23
[/TD] [TD]106.80
[/TD] [TD]103.44
[/TD] [TD]103,95
[/TD] [/TR] [TR] [TD]Quarterly change (%)
[/TD] [TD]-5.7
[/TD] [TD]1.3
[/TD] [TD]2,5
[/TD] [TD]-3.1
[/TD] [TD]0.5
[/TD] [/TD] [/TR] [TR] [TD]
Annual change1(%)
[/TD] [/TD] [TD]-5,8
[/TD] [TD]-4.8
[/TD] [TD]2.5
[/TD] [TD]-5.2
[/TD] [TD]1,1
[/TD] [/TR]
1 Comparison with the corresponding quarter of the previous year.
METHODOLOGICAL INFORMATION
Definition
The House Price Index (HICP) is a quarterly indicator measuring the change in the average price of housing units. It covers all types of housing units, new and existing. The value of land is included in the price.
Data source
The source of the data used for the individual indicators and weighting factors is the Department of Cadastre and Land Survey of the Ministry of Interior. The data cover all areas under the control of the Government of the Republic of Cyprus.
Data compilation
The data are categorized into two strata, existing and new housing units and for each stratum the methodology applied for the compilation of the individual indicator is the Rolling Window Hedonic Regression model. The individual indicators are then weighted by the sum of the value of the properties in each stratum in the previous year.
Base year
The base year is 2015=100.
Data revision
Results are specified as preliminary and then revised as new information becomes available.
For more information:
Statistical Service Portal, sub-topic Price Indices CYSTAT-DB (Database) Predefined Tables (Excel) Methodological Information
The Predefined Tables in Excel format are updated with data up to Q4 2021. For the 1st quarter of 2022 and newer data, only the CYSTAT-DB Database is updated.
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