The annual inflation rate in Cyprus came in at 4.34 percent in November of 2021, little-changed from 4.3 percent in the previous month. The largest price increases were recorded for transport (16.25 percent), namely petroleum products (30.27 percent); and housing & utilities (16.91 percent), mainly electricity (35.67 percent). On the other hand, prices declined for food & non-alcoholic beverages (-3.11 percent), due to agricultural goods (-8.38 percent). On a monthly basis, consumer prices went up 0.54 percent, slowing from a 0.7 percent increase in October. source: Statistical Service of the Republic of Cyprus
Inflation Rate in Cyprus averaged 3.66 percent from 1951 until 2021, reaching an all time high of 18.75 percent in July of 1951 and a record low of -3.59 percent in October of 1961. This page provides the latest reported value for - Cyprus Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Cyprus Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
Inflation Rate in Cyprus is expected to be 4.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Inflation Rate is projected to trend around 1.70 percent in 2022 and 1.30 percent in 2023, according to our econometric models.