Inflation in Cyprus

Cyprus Inflation | Economic News & Forecasts

Cyprus - Inflation

Consumer prices, on an annual basis, fall again in July

Consumer prices declined 1.3% from the previous month in July, contrasting June’s 0.1% month-on-month increase. According to the Statistical Service of Cyprus (CYSTAT), July’s dip was largely attributable to a sharp drop in prices for clothing and footwear.

Consumer prices, on an annual basis, slid 0.3% in July, more sharply than the 0.2% decrease logged in June. Meanwhile, annual average inflation edged down to 1.5% in July from 1.8% in the previous month. Lastly, harmonized inflation for June (the latest month for which data is available), came in at 0.3%, up slightly from 0.2% in May.

FocusEconomics panelists project harmonized inflation to average 1.0% in 2019, which is unchanged from last month’s forecast. For 2020, they expect inflation to average 1.4%.

Cyprus - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)-0.4  -1.4  -2.1  -1.4  0.5  

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Cyprus Inflation Chart

Cyprus Inflation
Note: Annual variation of consumer price index (HICP) in %.
Source: National Statistical Service and FocusEconomics calculations.

Cyprus Facts

Exchange Rate1.110.65 %Jul 31
Stock Market70.6-0.44 %Jul 31

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