Inflation in Cyprus
Cyprus - Inflation
Consumer prices fall on annual basis for third straight month in June
Consumer prices declined 0.4% from the previous month in June, following May’s 0.1% slip. June’s fall was primarily driven by lower prices for food and non-alcoholic beverages.
Consumer prices dipped 2.0% on an annual basis in June, the steepest fall in four years, after they had dropped 1.5% in May. Meanwhile, the annual average variation in consumer prices came in at minus 0.3% in June, down from May’s minus 0.2%. Lastly, harmonized consumer prices tumbled 1.4% year-on-year in May (April: -1.2% year-on-year), which is the latest month for which data is available.
FocusEconomics panelists project harmonized inflation to average 0.1% in 2020 and 0.5% in 2021.
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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July 2, 2020
Consumer prices declined 0.4% from the previous month in June, following May’s 0.1% slip.
June 30, 2020
Industrial production collapsed 35.3% year-on-year in April (March: -11.1% yoy), marking the sharpest drop on record.
June 4, 2020
Consumer prices fell 0.1% from the previous month in May, following April’s 1.5% drop.
May 29, 2020
GDP growth eased to 0.9% year-on-year in the first quarter from 3.4% in the fourth quarter on partial Covid-19 effects.
May 28, 2020
Industrial output plummeted 12.7% year-on-year in March (February: +3.8% yoy), marking the steepest drop since November 2013.