Inflation Cyprus 2003
Average inflation: 4.1%
Current Inflation
Inflation is high at 4.1%, well above the ECB target.
Peak and Trough
The highest inflation was in March at 6.0%. The lowest inflation was in December at 2.5%.
- Highest month
- March: 6.0%
- Lowest month
- December: 2.5%
- Difference
- 3.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 13.1%. The lowest price increase was in Core inflation with an average of 3.1%.
- Highest increase
- Energy: 13.1%
- Lowest increase
- Core inflation: 3.1%
Historical Context
Current inflation is 1.1% higher than the 5-year average of 3.0%. This approaches the highest level since records began (4.1% in 2003).
- 5-year average
- 3%
- 10-year average
- 3%
- All-time high (2003)
- 4.1%
- All-time low (2001)
- 2%
Trend
Inflation shows an upward trend. Compared to 2002, inflation has risen by +1.3 percentage point.
- Change vs. previous year
- +1.3 percentage points
- Largest monthly swing
- March: +3.6 percentage points
ECB Target
Inflation is 2.1% 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 €104.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2003
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2002 |
|---|---|---|
| January | 4.1% | +1.4 |
| February | 4.4% | +1.7 |
| March | 6.0% | +3.6 |
| April | 5.6% | +2.9 |
| May | 5.1% | +2.7 |
| June | 4.0% | +2.0 |
| July | 3.3% | 0.0 |
| August | 2.9% | -0.9 |
| September | 3.6% | +0.2 |
| October | 4.1% | +1.6 |
| November | 4.1% | +1.2 |
| December | 2.5% | -0.4 |
| Average | 4.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.