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.

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Cyprus Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-11-04 11:15 AM Oct 4.3% 4.1% 4.3%
2021-12-02 10:00 AM Nov 4.34% 4.3% 4.6%
2022-01-07 10:00 AM Dec 4.34%


Related Last Previous Unit Reference
Inflation Rate 4.34 4.30 percent Nov/21
Consumer Price Index CPI 105.36 104.79 points Nov/21
Harmonised Consumer Prices 104.24 103.31 points Oct/21
GDP Deflator 103.05 102.45 points Sep/21
Producer Prices 111.60 110.50 points Oct/21
Inflation Rate Mom 0.54 0.70 percent Nov/21
Food Inflation -3.10 -0.20 percent Nov/21
CPI Transportation 108.18 106.06 points Nov/21
CPI Housing Utilities 121.87 118.41 points Nov/21

News Stream
Cyprus November Inflation Rate Unchanged
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.
2021-12-02
Cyprus Inflation Rate At 13-Year High
The annual inflation rate in Cyprus rose to 4.3 percent in October of 2021 from 4.1 percent in the previous month. It was the highest inflation rate since October 2008, as upward pressure came from prices of transport (13.1 percent), namely petroleum (25.8 percent); and housing & utilities (15.4 percent), mainly electricity (32.3 percent) . On the other hand, prices declined for food & non-alcoholic beverages (-0.2 percent), due to agricultural goods (-1 percent); and alcoholic beverages (-0.17 percent). On a monthly basis, consumer prices went down 2.36 percent, following a 0.1 percent drop in September.
2021-11-04
Cyprus September Inflation Rate Slows to 4.1%
The annual inflation rate in Cyprus fell to 4.1 percent in September of 2021 from 5 percent in the previous month. Prices slowed mostly for food & non-alcoholic beverages (1.5 percent vs 8.2 percent in August), amid a sharp decline in costs of agricultural goods (-8.7 percent vs 16.1 percent). On the other hand, inflation accelerated for transport (11.6 percent vs 10.8 percent); housing & utilities (14.6 percent vs 14.4 percent); restaurants & hotels (1.6 percent vs 1.5 percent); recreation & culture (1.4 percent vs 0.4 percent) and miscellaneous goods & services (1.3 percent vs 0.9 percent). On a monthly basis, consumer prices edged down 0.1 percent, following a 1.6 percent increase in the previous month.
2021-10-07

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.