Cyprus Inflation Rate

Last Release

Dec 31, 2024

Actual

2.6

Units In

1.5

Frequency

Monthly

Next Release

Feb 06, 2025

Time to Release

1 Months 2 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
18.75 Jul 1951	-3.59 Oct 1961	3.7 %	1951-2024	Statistical Service of the Republic of Cyprus

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.

Latest Updates

Cyprus's annual inflation rate accelerated to 2.6% in December of 2024 from 1.5% in the earlier month, marking the sharpest pace of inflation in six months as base effects that kept price growth muted waned. Inflation was sharp for food and non-alcoholic beverages (7.6%), restaurants and hotels (4.4%), and education (3.8%). On the other hand, inflation remained grounded for transportation (1%) and housing and utilities (1.5%). From the previous month, consumer prices rose by 0.1%.