Inflation in Cyprus
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
|Inflation Rate (CPI, annual variation in %)||-0.4||-1.4||-2.1||-1.4||0.5|
5 years of economic forecasts for more than 30 economic indicators.
Cyprus Inflation Chart
Source: National Statistical Service and FocusEconomics calculations.
|Exchange Rate||1.11||0.65 %||Jul 31|
|Stock Market||70.6||-0.44 %||Jul 31|
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August 14, 2019
Annual growth moderated to 3.0% in the second quarter, marking the slowest pace since Q3 2015 (Q1 2019: +3.2% year-on-year).
August 5, 2019
Consumer prices declined 1.3% from the previous month in July, contrasting June’s 0.1% month-on-month increase.
July 30, 2019
Annual working day-adjusted industrial production rose 0.2% in May, following the revised 0.8% expansion logged in April (previously reported: -0.3% year-on-year).
July 4, 2019
Consumer prices rose 0.1% from the previous month in June, matching May’s month-on-month increase.
June 27, 2019
Annual working day-adjusted industrial production contracted 0.3% in April, following the revised 1.5% fall logged in March (previously reported: -0.7% year-on-year).