Cost of food in Cyprus decreased 0.70 percent in May of 2019 over the same month in the previous year. Food Inflation in Cyprus averaged 1.84 percent from 2007 until 2019, reaching an all time high of 12.09 percent in October of 2008 and a record low of -6.39 percent in March of 2016.
Food Inflation in Cyprus is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Cyprus to stand at 2.00 in 12 months time. In the long-term, the Cyprus Food Inflation is projected to trend around 2.00 percent in 2020, according to our econometric models.