Consumer prices in Cyprus declined 0.2 percent year-on-year in June of 2019, following a 0.2 percent rise in the previous month. It was the first month of deflation since April 2018, as cost continued to decline for food & non-alcoholic beverages (-1.0 percent vs -0.7 percent in May); transport (-3.7 percent vs -1.5 percent) and for clothing & footwear (-2.9 percent vs -2.6 percent). In addition, prices slowed for housing & utilities (4.8 percent vs 5.3 percent); miscellaneous goods & services (1.1 percent vs 1.5 percent) and restaurants & hotels (1.6 percent vs 1.7 percent). On the other hand, furniture & household equipment cost rebounded (0.2 percent vs -0.6 percent) while inflation was steady for education (at 1.9 percent) and alcoholic beverages & tobacco (at 0.8 percent). On a monthly basis, consumer prices increased 0.1 percent, the same pace as in May. Inflation Rate in Cyprus averaged 3.77 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 0.30 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 2.20 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
2019-04-04 09:40 AM Inflation Rate YoY Mar 1.4% 1.3% 2%
2019-05-03 09:15 AM Inflation Rate YoY Apr 1.2% 1.4% 1.5%
2019-06-06 09:00 AM Inflation Rate YoY May 0.2% 1.2% 1%
2019-07-04 09:20 AM Inflation Rate YoY Jun -0.2% 0.2% 0.5%
2019-08-05 09:00 AM Inflation Rate YoY Jul -0.2%
2019-09-05 09:00 AM Inflation Rate YoY Aug
2019-10-03 09:00 AM Inflation Rate YoY Sep 0.3%


Cyprus Prices Last Previous Highest Lowest Unit
Inflation Rate -0.20 0.20 18.75 -3.59 percent [+]
Consumer Price Index CPI 101.29 101.18 105.05 8.07 Index Points [+]
Harmonised Consumer Prices 102.26 101.03 103.48 64.48 Index Points [+]
GDP Deflator 103.04 101.30 105.45 68.25 Index Points [+]
Producer Prices 103.60 101.60 112.70 69.10 Index Points [+]
Inflation Rate Mom 0.10 0.10 3.41 -2.48 percent [+]
Cpi Housing Utilities 109.37 107.64 110.85 91.94 Index Points [+]
CPI Transportation 99.19 99.51 103.94 92.78 Index Points [+]
Food Inflation -0.90 -0.70 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.20 0.20 18.75 -3.59 1951 - 2019 percent Monthly




Country Last Previous
Argentina 55.80 Jun/19
Australia 1.30 Mar/19
Brazil 3.37 Jun/19
Canada 2.00 Jun/19
China 2.70 Jun/19
Euro Area 1.30 Jun/19
France 1.20 Jun/19
Germany 1.60 Jun/19
India 3.18 Jun/19
Indonesia 3.28 Jun/19
Italy 0.70 Jun/19
Japan 0.70 May/19
Mexico 3.95 Jun/19
Netherlands 2.70 Jun/19
Russia 4.70 Jun/19
Saudi Arabia -1.50 May/19
Singapore 0.90 May/19
South Africa 4.50 May/19
South Korea 0.70 Jun/19
Spain 0.40 Jun/19
Switzerland 0.60 Jun/19
Turkey 15.72 Jun/19
United Kingdom 2.00 Jun/19
United States 1.60 Jun/19


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