Producer Prices in Cyprus
Cyprus - Producer Prices
Inflation accelerates in May
Consumer prices rose 0.63% over the previous month in May, softening from April’s 0.82% print. May’s downturn was largely owing to a softer increase in prices for housing and utilities. Meanwhile, prices for clothing and footwear tumbled over the previous month.
On an annual basis, consumer prices accelerated to 2.4% in May up from April’s 1.6% and logging the highest inflation rate in over two years. Accordingly, the annual average variation in consumer prices improved, coming in at minus 0.7% in May (April: -1.0%). Lastly, harmonized inflation came in at 1.2% in April—the last month for which data is available—following March’s 0.3% rise.
FocusEconomics panelists project harmonized inflation to average 0.9% in 2021, which is up 0.2 percentage points from last month’s forecast and 1.2% in 2022.
Cyprus - Producer Prices Data
|Inflation (PPI, annual variation in %)||-5.1||-4.2||3.4||2.3||2.2|
5 years of economic forecasts for more than 30 economic indicators.
Cyprus Producer Prices Chart
Source: National Statistical Service and FocusEconomics calculations.
|Exchange Rate||1.12||0.65 %||Dec 31|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
June 3, 2021
Consumer prices rose 0.63% over the previous month in May, softening from April’s 0.82% print.
May 31, 2021
A second reading of national accounts data confirmed that the economy shrank at a softer rate of 1.6% year-on-year in the first quarter of the year, following the 4.5% contraction recorded in the prior quarter.
May 28, 2021
Industrial production bounced back notably in March, expanding 8.3% in annual terms, contrasting February’s 8.1% decline and logging the best reading in more than two years.
May 18, 2021
The economy shrank a softer 1.6% in annual terms in the first quarter of 2021, following Q4 2020’s contraction of 4.5%.
May 6, 2021
Consumer prices rose 0.82% over the previous month in April, moderating from March’s 1.30% reading.