Cyprus Inflation September 2021

Cyprus

Cyprus: Inflation cools in September

October 7, 2021

Consumer prices slid 0.06% in September, contrasting August’s 1.55% rise and falling for the first time since January. The drop was largely attributed to declining prices for food and non-alcoholic beverages as well as for transportation.

Inflation came in at 4.1% in September easing notably from August’s 5.0% jump, which had marked the highest inflation rate since September 2008. Meanwhile, the trend pointed up, with the annual average variation of consumer prices coming in at 1.1% in September from 0.7% in August. Lastly, harmonized inflation rose to 3.3 in August, the last month for which data is available, from 2.7% in July.

FocusEconomics panelists project harmonized inflation to average 1.2% in 2021, which is up 0.2 percentage points from last month’s forecast and 1.3% in 2022.


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Cyprus Inflation September 2021

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Statistical Service of Cyprus.


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