Cyprus Inflation Rate

Last Release

Jan 31, 2025

Actual

2.5

Units In

2.6

Frequency

Monthly

Next Release

Mar 06, 2025

Time to Release

26 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
18.75 Jul 1951	-3.59 Oct 1961	3.7 %	1951-2025	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 edged down to 2.5% in January 2025, from December’s six-month high of 2.6%. Price growth slowed for food & non-alcoholic beverages (4.8% vs 7.6% in December 2024), alcoholic beverages & tobacco (2% vs 2.2%), recreation & culture (2.8% vs 2.9%), education (3.7% vs 3.8%), and restaurants & hotels (4.1% vs 4.4%). At the same time, costs continued to drop for clothing & footwear (-2.7% vs -2.6%) and furnishings, household equipment & supplies (-0.6% vs -0.2%). In contrast, prices increased for housing & utilities (1.8% vs 1.5%) and transport (3.3% vs 1%). On a monthly basis, consumer prices decreased by 1.3% in January, following a 0.1% rise in December.