Inflation Cyprus 2021
Average inflation: 2.5%
Current Inflation
Inflation is normal at 2.5%, around the ECB target.
Peak and Trough
The highest inflation was in August at 5.0%. The lowest inflation was in February at -1.9%.
- Highest month
- August: 5.0%
- Lowest month
- February: -1.9%
- Difference
- 6.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 15.3%. The lowest price increase was in Food with an average of -0.3%.
- Highest increase
- Energy: 15.3%
- Lowest increase
- Food: -0.3%
Historical Context
Current inflation is 1.7% higher than the 5-year average of 0.8%.
- 5-year average
- 0.8%
- 10-year average
- 0.1%
- All-time high (2008)
- 4.7%
- All-time low (2015)
- -2.1%
Trend
Inflation shows an upward trend. Compared to 2020, inflation has risen by +3.1 percentage point.
- Change vs. previous year
- +3.1 percentage points
- Largest monthly swing
- August: +6.2 percentage points
ECB Target
Inflation is 0.5% 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 €102.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | -1.6% | -2.7 |
| February | -1.9% | -3.3 |
| March | -0.7% | -1.4 |
| April | 1.6% | +2.8 |
| May | 2.4% | +3.9 |
| June | 3.1% | +5.1 |
| July | 4.0% | +5.5 |
| August | 5.0% | +6.2 |
| September | 4.1% | +5.0 |
| October | 4.3% | +5.1 |
| November | 4.3% | +4.9 |
| December | 4.8% | +5.9 |
| Average | 2.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.