Inflation in Cyprus

Cyprus Inflation | Economic News & Forecasts

Cyprus - Inflation

Inflation accelerates in October

Consumer prices rose 0.73% in October over the previous month, contrasting September’s 0.06% decline. October’s increase was largely attributed to higher price pressures for housing and utilities and transportation.

Inflation came in at 4.3% in October, up from September’s 4.1%. Meanwhile, the trend pointed up, with the annual average variation of consumer prices coming in at 1.5% in October from 1.1% in September. Lastly, harmonized inflation rose to 3.6 in September, the last month for which data is available, from 3.3% in August.

FocusEconomics panelists project harmonized inflation to average 1.3% in 2022, which is unchanged from last month’s forecast and 1.5% in 2023.

Cyprus - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)-2.1  -1.4  0.5  1.4  0.3  

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Cyprus Inflation Chart


Cyprus Inflation
Note: Annual variation of consumer price index (HICP) in %.
Source: National Statistical Service and FocusEconomics calculations.

Cyprus Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

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