Cyprus Inflation February 2022

Cyprus

Cyprus: Inflation continues to rise in February

February 23, 2022

Consumer prices rose 1.21% from the previous month in February, which contrasted the 0.50% drop seen in January. February’s result was mainly due to rising prices for food and non-alcoholic beverages, and clothing and footwear relative to January.

Inflation increased to 6.6% in February, above January’s 5.4%. ate since July 2008. Meanwhile, the trend pointed up, with annual average inflation coming in at 3.7% in February (January: 3.0%).

FocusEconomics panelists project harmonized inflation to average 2.1% in 2022, which is up 0.3 percentage points from last month’s forecast and 1.2% in 2023.


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