Austria: Harmonized inflation rises in March
Harmonized inflation ticked up to 4.1% in March, slightly above February’s 4.0%. Looking at the details of the release, housing...
Inflation in Cyprus
Harmonized consumer price inflation averaged 0.9% in the ten years to 2022, below the Euro Area regional average of 1.8%. The 2022 average figure was 8.1%. For more inflation information, visit our dedicated page.
Cyprus Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Cyprus from 2014 to 2023.
Source: CYSTAT.
Cyprus Inflation Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 0.8 | 0.5 | -1.1 | 2.3 | 8.1 |
| Inflation (CPI, ann. var. %, eop) | 1.7 | 0.7 | -1.1 | 4.8 | 7.9 |
| Inflation (HICP, ann. var. %, eop) | 1.0 | 0.7 | -0.8 | 4.8 | 7.6 |
Harmonized inflation drops to lowest level since May 2021 in December
Harmonized inflation came in at 1.9% in December, which was down from November’s 2.4%. December's reading marked the lowest inflation rate since May 2021. Looking at the details of the release, price pressures for housing and utilities and transportation softened. That said, food inflation rose. The trend pointed down, with annual average harmonized inflation coming in at 3.9% in December (November: 4.4%). Meanwhile, consumer price inflation edged down to 1.6% in December, from November’s 1.7%. Lastly, harmonized consumer prices dropped 1.23% over the previous month in December, a smaller fall than November's 1.54% drop.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Cypriot inflation projections for the next ten years from a panel of 13 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Cypriot inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Cypriot inflation projections.
Want to get access to the full dataset of Cypriot inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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United Kingdom: Inflation falls to over two-year low in March
Inflation ticked down to 3.2% in March from February’s 3.4%. March’s result marked the lowest inflation rate since September 2021....