Inflation Cyprus 2007
Average inflation: 2.4%
Current Inflation
Inflation is normal at 2.4%, around the ECB target.
Peak and Trough
The highest inflation was in December at 3.9%. The lowest inflation was in February at 1.5%.
- Highest month
- December: 3.9%
- Lowest month
- February: 1.5%
- Difference
- 2.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 5.6%. The lowest price increase was in Core inflation with an average of 1.7%.
- Highest increase
- Food: 5.6%
- Lowest increase
- Core inflation: 1.7%
Historical Context
Current inflation is around the 5-year average of 2.7%.
- 5-year average
- 2.7%
- 10-year average
- 2.6%
- All-time high (2003)
- 4.1%
- All-time low (2001)
- 2%
Trend
Inflation has remained relatively stable. Compared to 2006, the difference is minimal (+0.1 percentage point).
- Change vs. previous year
- +0.1 percentage points
- Largest monthly swing
- November: +2.4 percentage points
ECB Target
Inflation is 0.4% 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 €102.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2007
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2006 |
|---|---|---|
| January | 1.6% | -0.8 |
| February | 1.5% | -1.0 |
| March | 1.5% | -1.5 |
| April | 1.8% | -1.1 |
| May | 2.2% | -0.8 |
| June | 1.9% | -1.3 |
| July | 2.4% | -0.2 |
| August | 2.5% | +0.1 |
| September | 2.6% | +0.8 |
| October | 3.0% | +1.8 |
| November | 3.5% | +2.4 |
| December | 3.9% | +2.3 |
| Average | 2.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.