Cyprus Inflation March 2019


Cyprus: Inflation recedes in April

May 6, 2019

Consumer prices rose 0.4% from the previous month in April, following March’s 0.8% increase. A breakdown of the sub-components showed that prices for clothing and footwear, and transport again recorded the strongest increases.

Inflation decelerated to 1.2% in April, from 1.4% in March, with prices for utilities recording the strongest increase and prices for communication the sharpest drop. Meanwhile, annual average inflation ticked up from 1.9% in March to 2.1% in April. Lastly, harmonized inflation rose to 1.1% in March (the latest month for which data is available), from 0.8% in the previous month.

Cyprus Inflation Forecast

FocusEconomics panelists project harmonized inflation to average 1.1% in 2019, which is unchanged from last month’s forecast. For 2020, they expect inflation to average 1.4%.

Author: Massimo Bassetti, Senior Economist

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Cyprus Inflation Chart

Cyprus Inflation April 2019

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

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