Cyprus Inflation Rate 1960-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Cyprus inflation rate for 2022 was 8.40%, a 5.95% increase from 2021.
  • Cyprus inflation rate for 2021 was 2.45%, a 3.08% increase from 2020.
  • Cyprus inflation rate for 2020 was -0.64%, a 0.89% decline from 2019.
  • Cyprus inflation rate for 2019 was 0.25%, a 1.19% decline from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lithuania 19.71%
Estonia 19.40%
Latvia 17.31%
Czech Republic 15.10%
Hungary 14.61%
Poland 14.43%
Slovak Republic 12.77%
Palau 12.35%
Chile 11.64%
Croatia 10.78%
Netherlands 10.00%
Greece 9.65%
Belgium 9.60%
Uruguay 9.10%
Slovenia 8.83%
Austria 8.55%
Cyprus 8.40%
Spain 8.39%
Sweden 8.37%
Iceland 8.31%
Italy 8.20%
United States 8.00%
United Kingdom 7.92%
Portugal 7.83%
Ireland 7.81%
Denmark 7.70%
Antigua and Barbuda 7.53%
New Zealand 7.17%
Finland 7.12%
Germany 6.87%
Canada 6.80%
Australia 6.59%
Luxembourg 6.34%
Malta 6.15%
Singapore 6.12%
Norway 5.76%
Bahamas 5.61%
France 5.22%
South Korea 5.09%
Qatar 5.00%
UAE 4.83%
Israel 4.39%
Brunei 3.68%
Bahrain 3.63%
Panama 2.86%
Switzerland 2.84%
Oman 2.81%
St. Kitts and Nevis 2.67%
Japan 2.50%
Saudi Arabia 2.47%
Hong Kong 1.88%
Macao 1.05%
Cyprus Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2022 8.40% 5.95%
2021 2.45% 3.08%
2020 -0.64% -0.89%
2019 0.25% -1.19%
2018 1.44% 0.90%
2017 0.53% 1.96%
2016 -1.43% 0.67%
2015 -2.10% -0.74%
2014 -1.36% -0.96%
2013 -0.40% -2.79%
2012 2.39% -0.90%
2011 3.29% 0.86%
2010 2.43% 2.10%
2009 0.33% -4.34%
2008 4.67% 2.30%
2007 2.37% 0.07%
2006 2.30% -0.26%
2005 2.56% 0.27%
2004 2.29% -1.85%
2003 4.14% 1.34%
2002 2.80% 0.83%
2001 1.97% -2.17%
2000 4.14% 2.51%
1999 1.63% -0.60%
1998 2.23% -1.38%
1997 3.61% 0.63%
1996 2.98% 0.36%
1995 2.62% -2.08%
1994 4.70% -0.16%
1993 4.85% -1.66%
1992 6.51% 1.47%
1991 5.04% 0.53%
1990 4.50% 0.74%
1989 3.77% 0.34%
1988 3.43% 0.64%
1987 2.79% 1.57%
1986 1.22% -3.82%
1985 5.03% -0.96%
1984 5.99% 0.94%
1983 5.05% -1.38%
1982 6.43% -4.31%
1981 10.74% -2.77%
1980 13.52% 4.05%
1979 9.46% 2.03%
1978 7.44% 0.11%
1977 7.33% 3.47%
1976 3.85% -0.79%
1975 4.64% -11.54%
1974 16.18% 8.37%
1973 7.81% 2.98%
1972 4.83% 0.69%
1971 4.14% 1.74%
1970 2.40% 0.01%
1969 2.39% -1.38%
1968 3.77% 3.06%
1967 0.70% 0.20%
1966 0.51% 0.30%
1965 0.20% 0.51%
1964 -0.30% -2.26%
1963 1.96% 1.86%
1962 0.10% 0.72%
1961 -0.62% -1.44%
1960 0.83% -1.44%