Inflation Cyprus 2017
Average inflation: 0.5%
Current Inflation
Inflation is very low at 0.5%, well below the ECB target.
Peak and Trough
The highest inflation was in April at 2.0%. The lowest inflation was in July at -0.7%.
- Highest month
- April: 2.0%
- Lowest month
- July: -0.7%
- Difference
- 2.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 8.5%. The lowest price increase was in Food with an average of -0.2%.
- Highest increase
- Energy: 8.5%
- Lowest increase
- Food: -0.2%
Historical Context
Current inflation is 1.5% higher than the 5-year average of -1.0%.
- 5-year average
- -1%
- 10-year average
- 0.8%
- All-time high (2008)
- 4.7%
- All-time low (2015)
- -2.1%
Trend
Inflation shows an upward trend. Compared to 2016, inflation has risen by +1.9 percentage point.
- Change vs. previous year
- +1.9 percentage points
- Largest monthly swing
- February: +4.4 percentage points
ECB Target
Inflation is 1.5% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2017
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2016 |
|---|---|---|
| January | 0.5% | +2.0 |
| February | 1.7% | +4.4 |
| March | 1.9% | +4.4 |
| April | 2.0% | +4.4 |
| May | 1.1% | +3.2 |
| June | 0.7% | +2.8 |
| July | -0.7% | -0.2 |
| August | -0.2% | +0.4 |
| September | -0.4% | +0.2 |
| October | 0.1% | +1.1 |
| November | 0.3% | +1.4 |
| December | -0.6% | -0.6 |
| Average | 0.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.