Inflation Cyprus 2016
Average inflation: -1.4%
Current Inflation
There is deflation with consumer prices declining by 1.4%.
Peak and Trough
The highest inflation was in December at 0.0%. The lowest inflation was in February at -2.7%.
- Highest month
- December: 0.0%
- Lowest month
- February: -2.7%
- Difference
- 2.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of -0.2%. The lowest price increase was in Energy with an average of -9.3%.
- Highest increase
- Food: -0.2%
- Lowest increase
- Energy: -9.3%
Historical Context
Current inflation is 0.8% lower than the 5-year average of -0.6%.
- 5-year average
- -0.6%
- 10-year average
- 1%
- All-time high (2008)
- 4.7%
- All-time low (2015)
- -2.1%
Trend
Inflation has remained relatively stable. Compared to 2015, the difference is minimal (+0.7 percentage point).
- Change vs. previous year
- +0.7 percentage points
- Largest monthly swing
- July: +2.5 percentage points
ECB Target
Inflation is 3.4% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €98.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2016
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2015 |
|---|---|---|
| January | -1.5% | -0.2 |
| February | -2.7% | -1.3 |
| March | -2.5% | -0.6 |
| April | -2.4% | -0.3 |
| May | -2.1% | -0.1 |
| June | -2.1% | +0.3 |
| July | -0.5% | +2.5 |
| August | -0.6% | +2.1 |
| September | -0.6% | +1.9 |
| October | -1.0% | +1.5 |
| November | -1.1% | +1.0 |
| December | 0.0% | +1.2 |
| Average | -1.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.