Inflation in Cyprus
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
|Inflation Rate (CPI, annual variation in %)||-2.1||-1.4||0.5||1.4||0.3|
5 years of economic forecasts for more than 30 economic indicators.
Cyprus Inflation Chart
Source: National Statistical Service and FocusEconomics calculations.
|Exchange Rate||1.12||0.65 %||Dec 31|
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October 7, 2021
Consumer prices slid 0.06% in September, contrasting August’s 1.55% rise and falling for the first time since January.
September 29, 2021
Industrial output rose 5.6% compared to the same month of the previous year in July, which was a deterioration from June's 6.9% increase.
September 2, 2021
Consumer prices jumped 1.55% in August over the previous month, following the 0.11% rise in July.
August 31, 2021
A second reading of national accounts data confirmed that the economy bounced back in the second quarter, growing 12.8% year-on-year, above the 2.0% contraction seen in the first quarter.
August 30, 2021
Industrial output growth moderated to 4.6% in annual terms in June, following May’s 12.0% expansion, logging the lowest print in four months.