Inflation Cyprus 2020
Average inflation: -0.6%
Current Inflation
There is deflation with consumer prices declining by 0.6%.
Peak and Trough
The highest inflation was in February at 1.4%. The lowest inflation was in June at -2.0%.
- Highest month
- February: 1.4%
- Lowest month
- June: -2.0%
- Difference
- 3.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 1.2%. The lowest price increase was in Energy with an average of -9.4%.
- Highest increase
- Food: 1.2%
- Lowest increase
- Energy: -9.4%
Historical Context
Current inflation is 0.6% lower than the 5-year average of 0.0%.
- 5-year average
- 0%
- 10-year average
- 0.2%
- All-time high (2008)
- 4.7%
- All-time low (2015)
- -2.1%
Trend
Inflation shows a downward trend. Compared to 2019, inflation has fallen by +0.9 percentage point.
- Change vs. previous year
- -0.9 percentage points
- Largest monthly swing
- April: -2.4 percentage points
ECB Target
Inflation is 2.6% 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 €99.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 1.1% | -0.9 |
| February | 1.4% | +0.2 |
| March | 0.7% | -0.7 |
| April | -1.2% | -2.4 |
| May | -1.5% | -1.7 |
| June | -2.0% | -1.8 |
| July | -1.5% | -1.2 |
| August | -1.2% | -0.5 |
| September | -0.9% | 0.0 |
| October | -0.8% | +0.2 |
| November | -0.6% | -0.1 |
| December | -1.1% | -1.8 |
| Average | -0.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.