The annual harmonised inflation rate in Cyprus eased for the fifth straight month to 7.6 percent in December of 2022, from 8.1 percent in the previous month. Prices rose at a softer pace for food & non-alcoholic beverages (12.6 percent vs 15.1 percent), alcoholic beverages & tobacco (1.6 percent vs 2.2 percent), transport (8.3 percent vs 9.4 percent) and housing & utilities (17.2 percent vs 17.6 percent). On the other hand, price growth decreased for communication (-3.8 percent vs -2.5 percent), while cost advanced faster for restaurants & hotels (8.9 percent vs 8.2 percent), clothing & footwear (0.5 percent vs 0.2 percent) and health (0.9 percent vs 0.8 percent). On a monthly basis, HICP were down by 0.8 percent, following a 0.4 percent drop in the previous month. source: Statistical Service of the Republic of Cyprus

Harmonised Inflation Rate YoY in Cyprus averaged 1.96 percent from 1997 until 2022, reaching an all time high of 10.60 percent in July of 2022 and a record low of -2.90 percent in August of 2020. This page includes a chart with historical data for Cyprus Harmonised Inflation Rate YoY. Cyprus Harmonised Inflation Rate YoY - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.

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Cyprus Harmonised Inflation Rate YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-12-16 10:00 AM Nov 8.1% 8.6% 8.3%
2023-01-18 10:00 AM Dec 7.6% 8.1%
2023-02-23 09:00 AM Jan 7.6%


Related Last Previous Unit Reference
Inflation Rate 7.90 8.70 percent Dec 2022
Harmonised Consumer Prices 111.93 112.81 points Dec 2022
Harmonised Inflation Rate MoM -0.80 -0.20 percent Dec 2022

Cyprus Harmonised Inflation Rate YoY
The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). The HICP is compiled by Eurostat and the national statistical institutes in accordance with harmonised statistical methods. The ECB aims to maintain annual inflation rates as measured by the HICP below, but close to, 2% over the medium term.
Actual Previous Highest Lowest Dates Unit Frequency
7.60 8.10 10.60 -2.90 1997 - 2022 percent Monthly
NSA

News Stream
Cyprus Harmonised Inflation Rate Softens for 5th Month
The annual harmonised inflation rate in Cyprus eased for the fifth straight month to 7.6 percent in December of 2022, from 8.1 percent in the previous month. Prices rose at a softer pace for food & non-alcoholic beverages (12.6 percent vs 15.1 percent), alcoholic beverages & tobacco (1.6 percent vs 2.2 percent), transport (8.3 percent vs 9.4 percent) and housing & utilities (17.2 percent vs 17.6 percent). On the other hand, price growth decreased for communication (-3.8 percent vs -2.5 percent), while cost advanced faster for restaurants & hotels (8.9 percent vs 8.2 percent), clothing & footwear (0.5 percent vs 0.2 percent) and health (0.9 percent vs 0.8 percent). On a monthly basis, HICP were down by 0.8 percent, following a 0.4 percent drop in the previous month.
2023-01-18
Cyprus Harmonised Inflation Rate Softens for 3rd Month
The annual harmonised inflation rate in Cyprus eased for the third straight month to 8.6 percent in October of 2022, from 9 percent in the previous month. Prices slowed down mostly for housing & utilities (22.2 percent vs 28.7 percent), transport (11.9 percent vs 13.3 percent) and restaurants & hotels (9.1 percent vs 10.7 percent). On the other hand, price growth decreased for clothing & footwear (-0.2 percent vs 0 percent), while cost advanced faster for food and non-alcoholic beverages (12.6 percent vs 9.1 percent). On a monthly basis, HICP were up by 0.5 percent, following a 1 percent decline in the previous month.
2022-11-17