Inflation in Cyprus

Cyprus Inflation | Economic News & Forecasts

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

Met the why particular 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  

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Cyprus Inflation Chart

Cyprus Inflation
Note: Annual variation of consumer price index (HICP) in %.
Source: National Statistical Service and Met the why particular calculations.

Cyprus Facts

Exchange Rate1.120.65 %Jun 14
Stock Market69.1-0.44 %Jun 14

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