Inflation in Cyprus
Harmonized consumer price inflation averaged 1.3% in the ten years to 2024. The 2024 average figure was 2.3%. For more inflation information, visit our dedicated page.
Cyprus Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Cyprus from 2025 to 2024.
Source: Macrobond.
Cyprus Inflation Data
2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Inflation (HICP, ann. var. %, aop) | -1.1 | 2.3 | 8.1 | 3.9 | 2.3 |
Inflation (CPI, ann. var. %, eop) | -1.1 | 4.8 | 7.9 | 1.6 | 2.6 |
Inflation (HICP, ann. var. %, eop) | -0.8 | 4.8 | 7.6 | 1.9 | 3.1 |
Consumer prices remain unchanged in September compared to a year earlier
Latest reading: Harmonized consumer prices were stable in annual terms in September, following a flat reading in the prior month. Relative to the prior month's data, there were higher price pressures for food and non-alcoholic beverages (-2.0% on a year-on-year basis vs -2.3% in August), transportation (-1.9% vs -2.2% in August), housing and utilities (-3.8% vs -4.0% in August) and recreation (+5.6% vs +4.9% in August). In contrast, there were reduced price pressures for restaurants and hotels (+4.9% vs +5.3% in August). Meanwhile, consumer prices were down 0.6% in September, following a 0.9% fall in the prior month. Finally, harmonized consumer prices fell 0.41% in September in month-on-month terms, following a 0.81% rise in the previous month.
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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Greece: Inflation slows in September from August Latest reading: Harmonized consumer prices rose 1.8% in annual terms in September, following a 3.1% rise in the previous month.... -
Cyprus: Consumer prices remain unchanged in September compared to a year earlier Latest reading: Harmonized consumer prices were stable in annual terms in September, following a flat reading in the prior month.... -
Latvia: Inflation stabilizes in September from August Latest reading: Harmonized consumer prices increased 4.2% in annual terms in September, unchanged from the previous month’s reading and among... -
Qatar: Inflation accelerates in September from the prior month Latest reading: Consumer prices increased 1.1% on a year-on-year basis in September, following a 0.7% increase in the previous month.... -
Lithuania: Inflation accelerates in September from August Latest reading: Harmonized consumer prices increased 3.7% on a year-on-year basis in September, following a 3.6% increase in the prior... -
Estonia: Inflation slows in September from the prior month Latest reading: Harmonized consumer prices were up 5.3% in annual terms in September, following a 6.2% rise in the prior... -
Luxembourg: Inflation picks up in September from the prior month Latest reading: Harmonized consumer prices rose 3.1% on a year-on-year basis in September, following a 2.8% rise in the prior...