Inflation Cyprus 2002
Average inflation: 2.8%
Current Inflation
Inflation is normal at 2.8%, around the ECB target.
Peak and Trough
The highest inflation was in August at 3.8%. The lowest inflation was in June at 2.0%.
- Highest month
- August: 3.8%
- Lowest month
- June: 2.0%
- Difference
- 1.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 7.0%. The lowest price increase was in Core inflation with an average of 2.1%.
- Highest increase
- Energy: 7.0%
- Lowest increase
- Core inflation: 2.1%
Historical Context
Current inflation is around the 5-year average of 2.4%. This approaches the highest level since records began (2.8% in 2002).
- 5-year average
- 2.4%
- 10-year average
- 2.4%
- All-time high (2002)
- 2.8%
- All-time low (2001)
- 2%
Trend
Inflation shows an upward trend. Compared to 2001, inflation has risen by +0.8 percentage point.
- Change vs. previous year
- +0.8 percentage points
- Largest monthly swing
- July: +2.3 percentage points
ECB Target
Inflation is 0.8% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2002
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2001 |
|---|---|---|
| January | 2.7% | +1.3 |
| February | 2.7% | +0.3 |
| March | 2.4% | +1.0 |
| April | 2.7% | +1.0 |
| May | 2.4% | +0.7 |
| June | 2.0% | -1.0 |
| July | 3.3% | +2.3 |
| August | 3.8% | +2.0 |
| September | 3.4% | +1.4 |
| October | 2.5% | -0.2 |
| November | 2.9% | +0.9 |
| December | 2.9% | +0.5 |
| Average | 2.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.