The annual inflation rate in Cyprus eased to 8.90% in August of 2022, from 10.9% in July, which was the highest level since 1981. Biggest price changes were seen in the categories of housing, water, electricity, gas and other fuels (28.5% vs 29.2% in July), and transport (19.7% vs 25.3% in July). Monthly, consumer prices fell 0.26%, the first decline in seven months, and following a 1.28% rise in July. source: Statistical Service of the Republic of Cyprus
Inflation Rate in Cyprus averaged 3.70 percent from 1951 until 2022, 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 2022.
Inflation Rate in Cyprus is expected to be 10.20 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 1.30 percent in 2023, according to our econometric models.