Inflation in Cyprus
Cyprus - Inflation
Inflation recedes in April
Consumer prices rose 0.4% from the previous month in April, following March’s 0.8% increase. A breakdown of the sub-components showed that prices for clothing and footwear, and transport again recorded the strongest increases.
Inflation decelerated to 1.2% in April, from 1.4% in March, with prices for utilities recording the strongest increase and prices for communication the sharpest drop. Meanwhile, annual average inflation ticked up from 1.9% in March to 2.1% in April. Lastly, harmonized inflation rose to 1.1% in March (the latest month for which data is available), from 0.8% in the previous month.
Cyprus Inflation Forecast
FocusEconomics panelists project harmonized inflation to average 1.1% 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 |
Cyprus Inflation Chart
Source: National Statistical Service and FocusEconomics calculations.
Cyprus Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.13 | 0.65 % | Jun 13 |
| Stock Market | 69.1 | -0.44 % | Jun 13 |
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Economic News
Cyprus: Growth at over three-year low on plunging exports
June 7, 2019
Economic growth clocked in at 3.2% in year-on-year terms in Q1 2019, slowing from the 3.8% expansion recorded in Q4 2018, due to a notable deterioration in the external sector.
Cyprus: Industrial output contracts in March
May 30, 2019
Annual working day-adjusted industrial production contracted 0.7% in March, contrasting February’s revised 5.8% expansion (previously reported: +5.5%), according to Statistics Cyprus.
Cyprus: Growth softens but stays resilient in Q1
May 15, 2019
Growth decelerated to 3.4% in year-on-year terms in the first quarter of the year, down somewhat from the previous quarter’s 3.8%.
Cyprus: Inflation recedes in April
May 6, 2019
Consumer prices rose 0.4% from the previous month in April, following March’s 0.8% increase.
Cyprus: Industrial output growth eases in February
April 25, 2019
According to Statistics Cyprus, annual working day-adjusted industrial production growth slowed from 7.5% in January to 5.5% in February.
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