Cyprus - Consumer price index (2010 = 100)

The value for Consumer price index (2010 = 100) in Cyprus was 101.86 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 105.76 in 2012 and a minimum value of 13.86 in 1961.

Definition: Consumer price index reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data are period averages.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1960 13.94
1961 13.86
1962 13.87
1963 14.14
1964 14.10
1965 14.13
1966 14.20
1967 14.30
1968 14.84
1969 15.19
1970 15.56
1971 16.20
1972 16.98
1973 18.31
1974 21.27
1975 22.26
1976 23.12
1977 24.81
1978 26.66
1979 29.18
1980 33.12
1981 36.68
1982 39.04
1983 41.01
1984 43.47
1985 45.66
1986 46.21
1987 47.50
1988 49.13
1989 50.98
1990 53.28
1991 55.96
1992 59.60
1993 62.50
1994 65.43
1995 67.15
1996 69.15
1997 71.64
1998 73.24
1999 74.43
2000 77.51
2001 79.04
2002 81.26
2003 84.62
2004 86.55
2005 88.77
2006 90.81
2007 92.97
2008 97.31
2009 97.63
2010 100.00
2011 103.29
2012 105.76
2013 105.33
2014 103.91
2015 101.73
2016 100.27
2017 100.81
2018 102.26
2019 102.51
2020 101.86

Development Relevance: A general and continuing increase in an economy’s price level is called inflation. The increase in the average prices of goods and services in the economy should be distinguished from a change in the relative prices of individual goods and services. Generally accompanying an overall increase in the price level is a change in the structure of relative prices, but it is only the average increase, not the relative price changes, that constitutes inflation. A commonly used measure of inflation is the consumer price index, which measures the prices of a representative basket of goods and services purchased by a typical household. The consumer price index is usually calculated on the basis of periodic surveys of consumer prices. Other price indices are derived implicitly from indexes of current and constant price series.

Limitations and Exceptions: Consumer price indexes should be interpreted with caution. The definition of a household, the basket of goods, and the geographic (urban or rural) and income group coverage of consumer price surveys can vary widely by country. In addition, weights are derived from household expenditure surveys, which, for budgetary reasons, tend to be conducted infrequently in developing countries, impairing comparability over time. Although useful for measuring consumer price inflation within a country, consumer price indexes are of less value in comparing countries.

Statistical Concept and Methodology: Consumer price indexes are constructed explicitly, using surveys of the cost of a defined basket of consumer goods and services.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices