Inflation in Cyprus
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
|Inflation Rate (CPI, annual variation in %)||-2.1||-1.4||0.5||1.4||0.3|
5 years of economic forecasts for more than 30 economic indicators.
Cyprus Inflation Chart
Source: National Statistical Service and FocusEconomics calculations.
|Exchange Rate||1.12||0.65 %||Dec 31|
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November 17, 2021
Economic growth softened in the third quarter amid a waning base effect, but remained robust, with GDP expanding 5.2% year-on-year.
November 5, 2021
Consumer prices rose 0.73% in October over the previous month, contrasting September’s 0.06% decline.
October 27, 2021
Industrial output rose 8.5% compared to the same month a year earlier in August, which was above July's 5.9% increase.
October 7, 2021
Consumer prices slid 0.06% in September, contrasting August’s 1.55% rise and falling for the first time since January.
September 29, 2021
Industrial output rose 5.6% compared to the same month of the previous year in July, which was a deterioration from June's 6.9% increase.