Cliff on the ocean in Cyprus

Cyprus Inflation December 2020

Cyprus: Consumer prices drop at sharpest rate in four months year-on-year in December

Consumer prices slid 0.70% over the previous month in December, contrasting November’s 0.47% rise, and logging the first drop since July. December’s downturn largely reflected declining prices for food and non-alcoholic beverages, as well as for clothing and footwear.

Consumer prices tumbled 1.1% on an annual basis in December (November: -0.6% yoy), marking the sharpest fall in prices in four months. Accordingly, the annual average variation in consumer prices pointed down further, coming in at minus 0.6% (November: -0.5%). Lastly, harmonized consumer prices came in at 0.8% year-on-year in December, following November’s 1.1% drop.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest