Cyprus Inflation April 2021

Cyprus

Cyprus: Inflation returns in April

May 6, 2021

Consumer prices rose 0.82% over the previous month in April, moderating from March’s 1.30% reading. April’s downturn was largely owing to a softer increase in prices for clothing and footwear, as well as transportation.

On an annual basis, consumer prices rose 1.6% in April, contrasting’s March’s 0.7% slide, and putting an end to a 12-month streak of falling prices. Accordingly, the annual average variation in consumer prices improved, coming in at minus 1.0% in April (March: -1.3%). Lastly, harmonized inflation came in at 1.2% in April, following March’s 0.3% rise.

FocusEconomics panelists project harmonized inflation to average 0.7% in 2021, which is unchanged from last month’s forecast and 1.2% in 2022.


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Cyprus Inflation Chart


Cyprus Inflation April 2021 0

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


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