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 2023 was 3.54%, a 4.85% decline from 2022.
- 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 - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
3.54% |
-4.85% |
| 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% |
