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. 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 October of 2021.

Inflation Rate in Cyprus is expected to be 3.80 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 1.10 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
2021-09-02 09:00 AM Aug 5.04% 4.0% 3.8%
2021-10-07 09:30 AM Sep 4.1% 5.04% 5.2%
2021-11-04 11:15 AM Oct 4.1%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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 At Near 13-Year High
Consumer prices in Cyprus increased by 5 percent year-on-year in August of 2021, following a 4 percent rise in the previous month. It was the highest inflation rate since October 2008 as prices rose at a faster pace for food and non-alcoholic beverages (8.2 percent vs 4 percent in July); housing and utilities (14.4 percent vs 12.7 percent); and transport (10.8 percent vs 10.1 percent). Meanwhile, costs slowed for furnishings, household equipment and supplies (0.8 percent vs 1.5 percent); recreation and culture (0.4 percent vs 1 percent); and restaurants and hotels (1.48 percent vs 1.5 percent). On the contrary, prices dropped for communication (-0.14 percent vs 1.65 percent). On a monthly basis, consumer prices were up by 1.6 percent, following a 0.1 percent increase in July.
2021-09-02
Cyprus Inflation Rate at a Decade High of 4%
Consumer prices in Cyprus advanced 4.0 percent year-on-year in July of 2021, after a 3.1 percent boost in the previous month. It was the highest reading since June 2011, as prices rebounded for food & non-alcoholic beverages (4.0 percent vs -0.5 percent in June); and communication (1.7 percent -1 percent). In addition, prices accelerated for housing & utilities (12.7 percent vs 7.3 percent); and furnishings (1.5 percent vs 0.7). Meantime, inflation slowed for transport (10.1 percent vs 11.2 percent), recreation & culture (1.0 percent vs 2.6 percent) and miscellaneous goods & services (0.7 percent 1.5 percent). On a monthly basis, consumer prices edged up 0.1 percent, followed by a 0.3 percent rise in the prior month.
2021-08-06

Cyprus Last Unit Reference Previous Highest Lowest
Inflation Rate 4.10 percent Sep/21 5.04 18.75 -3.59
Consumer Price Index CPI 104.03 points Sep/21 104.09 105.05 8.07
Harmonised Consumer Prices 103.31 points Sep/21 103.86 103.86 64.45
GDP Deflator 102.45 points Jun/21 101.32 105.29 66.67
Producer Prices 110.00 points Aug/21 109.80 112.70 66.20
Inflation Rate Mom -0.10 percent Sep/21 1.55 3.41 -2.48
Food Inflation 1.47 percent Sep/21 8.22 12.09 -6.39
CPI Transportation 104.15 points Sep/21 104.65 104.65 88.47
Cpi Housing Utilities 114.02 points Sep/21 114.05 114.05 91.94


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.