Inflation in Cyprus
Cyprus - InflationThird-quarter growth was revised up to 3.7% year-on year, a notch above the preliminary estimate, fueled by buoyant household spending and upbeat construction-side fixed investment. Private consumption expanded in line with the previous quarter, underpinned by continued job creation and a roughly stable unemployment rate—and despite the midyear deterioration in consumer sentiment. Meanwhile, the external sector subtracted from the headline reading amid a sharp contraction of exports likely held back by slowing inbound tourism. Available fourth-quarter data has been downbeat; an uptick in joblessness and deteriorating economic sentiment are likely to drag on year-end gains.
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||1.14||0.65 %||Jan 16|
|Stock Market||64.6||-0.44 %||Jan 16|
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