Consumer prices in Cyprus increased 1.4 percent year-on-year in March of 2019, following an upwardly revised 1.3 percent gain in the previous month. Cost rose faster for housing & utilities (7.1 percent from 6.9 percent in February); miscellaneous goods & services (1.3 percent from 0.9 percent); clothing & footwear (1.9 percent from 0.7 percent) and recreation & culture (0.3 percent from 0.1 percent) while prices fell less for transport (-2.6 percent from -4.9 percent). Also, inflation was steady for education (at 1.9 percent). On the other hand, cost slowed for food and non-alcoholic beverages (3.6 percent from 5.3 percent) while prices dropped for furniture & household equipment (-0.1 percent from 0.4 percent); health (-0.1 percent from 0.1 percent) and for communication (-6.0, the same pace as in February). On a monthly basis, consumer prices went up 0.8 percent from a flat reading in February. Inflation Rate in Cyprus averaged 3.78 percent from 1951 until 2019, 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.

Inflation Rate in Cyprus is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Cyprus to stand at 2.00 in 12 months time. In the long-term, the Cyprus Inflation Rate is projected to trend around 2.50 percent in 2020, according to our econometric models.

Cyprus Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-04 10:20 AM Inflation Rate YoY 1.7% 2.7% 3.2%
2019-02-07 10:20 AM Inflation Rate YoY 2.0% 1.7% 1.5%
2019-03-07 10:15 AM Inflation Rate YoY 1.2% 2.0% 2.1%
2019-04-04 09:40 AM Inflation Rate YoY 1.4% 1.3% 2%
2019-05-03 09:00 AM Inflation Rate YoY 1.4%
2019-06-06 09:00 AM Inflation Rate YoY
2019-07-04 09:00 AM Inflation Rate YoY 2.1%


Cyprus Prices Last Previous Highest Lowest Unit
Inflation Rate 1.40 1.30 18.75 -3.59 percent [+]
Consumer Price Index CPI 100.62 99.79 105.05 8.07 Index Points [+]
Harmonised Consumer Prices 99.49 98.36 103.48 64.48 Index Points [+]
GDP Deflator 101.30 101.21 105.45 68.25 Index Points [+]
Producer Prices 102.70 102.50 112.70 69.10 Index Points [+]
Inflation Rate Mom 0.80 0.03 3.41 -2.48 percent [+]
Cpi Housing Utilities 107.71 107.28 110.85 91.94 Index Points [+]
CPI Transportation 96.20 94.06 103.94 92.78 Index Points [+]
Food Inflation 3.60 5.30 12.09 -6.39 percent [+]


Cyprus Inflation Rate

In Cyprus, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (16.2 percent of total weight). Transport accounts for 15.2 percent; Housing and Utilities for 12.3 percent; Miscellaneous Goods and Services for 8.8 percent; Clothing and Footwear for 8.5 percent and Restaurants and Hotels for 8.4 percent. Furniture, Household Goods and Maintenance; Health; Recreation and Culture; Communication; Education and Alcoholic beverages and Tobacco account for the remaining 30.6 percent of total weight. 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 - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.40 1.30 18.75 -3.59 1951 - 2019 percent Monthly




Country Last Previous
Argentina 54.70 Mar/19
Australia 1.80 Dec/18
Brazil 4.58 Mar/19
Canada 1.90 Mar/19
China 2.30 Mar/19
Euro Area 1.40 Mar/19
France 1.10 Mar/19
Germany 1.30 Mar/19
India 2.86 Mar/19
Indonesia 2.48 Mar/19
Italy 1.00 Mar/19
Japan 0.50 Mar/19
Mexico 4.00 Mar/19
Netherlands 2.80 Mar/19
Russia 5.30 Mar/19
Saudi Arabia -2.20 Feb/19
Singapore 0.50 Feb/19
South Africa 4.50 Mar/19
South Korea 0.40 Mar/19
Spain 1.30 Mar/19
Switzerland 0.70 Mar/19
Turkey 19.71 Mar/19
United Kingdom 1.90 Mar/19
United States 1.90 Mar/19


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