Inflation in Cyprus

Cyprus Inflation | Economic News & Forecasts

Cyprus - Inflation

Inflation cools in September

Consumer prices slid 0.06% in September, contrasting August’s 1.55% rise and falling for the first time since January. The drop was largely attributed to declining prices for food and non-alcoholic beverages as well as for transportation.

Inflation came in at 4.1% in September easing notably from August’s 5.0% jump, which had marked the highest inflation rate since September 2008. Meanwhile, the trend pointed up, with the annual average variation of consumer prices coming in at 1.1% in September from 0.7% in August. Lastly, harmonized inflation rose to 3.3 in August, the last month for which data is available, from 2.7% in July.

FocusEconomics panelists project harmonized inflation to average 1.2% in 2021, which is up 0.2 percentage points from last month’s forecast and 1.3% in 2022.

Cyprus - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)-2.1  -1.4  0.5  1.4  0.3  

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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

Value Change Date
Exchange Rate1.120.65 %Dec 31

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