The annual inflation rate in Cyprus fell to 2.7 percent in November 2018 from 3.0 percent in the previous month. It is the lowest inflation rate since August, as prices slowed mostly for transport (4.6 percent vs 6.5 percent in October) and miscellaneous goods & services (0.7 percent vs 1.4 percent). Also, inflation was steady for food & non-alcoholic beverages (2.9 percent) and education (3.0 percent). On the other hand, cost advanced faster for housing & utilities (11.8 percent vs 11.1 percent), mainly due to electricity (33.8 percent vs 31.2 percent); restaurants & hotels (2.4 percent vs 2.3 percent) and recreation & culture (1.4 percent vs 1.2 percent). On a monthly basis, consumer prices dropped 0.2 percent, after increasing 0.4 percent in the previous month. Inflation Rate in Cyprus averaged 3.79 percent from 1951 until 2018, 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 3.20 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 2.30 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
2018-09-06 09:00 AM Inflation Rate YoY 2.5% 2.3% 2.2%
2018-10-04 09:15 AM Inflation Rate YoY 3.1% 2.5% 2.1%
2018-11-05 10:25 AM Inflation Rate YoY 3.0% 3.1% 2%
2018-12-06 10:10 AM Inflation Rate YoY 2.7% 3.0% 2.9%
2019-01-04 10:20 AM Inflation Rate YoY 2.7% 3.20%
2019-02-06 10:30 AM Inflation Rate YoY
2019-03-01 11:00 AM Inflation Rate YoY


Cyprus Prices Last Previous Highest Lowest Unit
Inflation Rate 2.70 3.00 18.75 -3.59 percent [+]
Consumer Price Index CPI 102.09 102.29 105.05 8.07 Index Points [+]
Harmonised Consumer Prices 101.78 102.11 103.48 64.48 Index Points [+]
GDP Deflator 102.96 102.35 121.58 74.00 Index Points [+]
Producer Prices 103.50 103.30 114.10 69.90 Index Points [+]
Inflation Rate Mom -0.20 0.40 3.41 -2.48 percent [+]
Cpi Housing Utilities 110.85 109.37 110.85 91.94 Index Points [+]
CPI Transportation 100.90 103.10 103.94 92.78 Index Points [+]
Food Inflation 2.90 2.90 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.70 3.00 18.75 -3.59 1951 - 2018 percent Monthly




Country Last Previous
Argentina 48.00 Nov/18
Australia 1.90 Sep/18
Brazil 4.05 Nov/18
Canada 2.40 Oct/18
China 2.20 Nov/18
Euro Area 2.00 Nov/18
France 1.90 Nov/18
Germany 2.30 Nov/18
India 2.33 Nov/18
Indonesia 3.23 Nov/18
Italy 1.60 Nov/18
Japan 1.40 Oct/18
Mexico 4.72 Nov/18
Netherlands 2.00 Nov/18
Russia 3.80 Nov/18
Saudi Arabia 2.40 Oct/18
Singapore 0.70 Oct/18
South Africa 5.20 Nov/18
South Korea 2.00 Nov/18
Spain 1.70 Nov/18
Switzerland 0.90 Nov/18
Turkey 21.62 Nov/18
United Kingdom 2.40 Oct/18
United States 2.20 Nov/18


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