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Cyprus - Inflation

Inflation, consumer prices (annual %)

The value for Inflation, consumer prices (annual %) in Cyprus was -0.64 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 16.18 in 1974 and a minimum value of -2.10 in 2015.

Definition: Inflation as measured by the consumer price index reflects the annual percentage change 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.

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

Year	Value
1960	0.83
1961	-0.62
1962	0.10
1963	1.96
1964	-0.30
1965	0.20
1966	0.51
1967	0.70
1968	3.77
1969	2.39
1970	2.40
1971	4.14
1972	4.83
1973	7.81
1974	16.18
1975	4.64
1976	3.85
1977	7.33
1978	7.44
1979	9.46
1980	13.52
1981	10.74
1982	6.43
1983	5.05
1984	5.99
1985	5.03
1986	1.22
1987	2.79
1988	3.43
1989	3.77
1990	4.50
1991	5.04
1992	6.51
1993	4.85
1994	4.70
1995	2.62
1996	2.98
1997	3.61
1998	2.23
1999	1.63
2000	4.14
2001	1.97
2002	2.80
2003	4.14
2004	2.29
2005	2.56
2006	2.30
2007	2.37
2008	4.67
2009	0.33
2010	2.43
2011	3.29
2012	2.39
2013	-0.40
2014	-1.35
2015	-2.10
2016	-1.43
2017	0.53
2018	1.44
2019	0.25
2020	-0.64

Inflation, GDP deflator (annual %)

The value for Inflation, GDP deflator (annual %) in Cyprus was -1.18 as of 2020. As the graph below shows, over the past 44 years this indicator reached a maximum value of 14.15 in 1980 and a minimum value of -1.33 in 2014.

Definition: Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year	Value
1976	8.03
1977	8.90
1978	11.07
1979	13.14
1980	14.15
1981	12.39
1982	10.35
1983	5.04
1984	8.18
1985	5.67
1986	4.15
1987	3.86
1988	3.19
1989	4.75
1990	5.43
1991	3.89
1992	6.04
1993	4.80
1994	5.27
1995	13.60
1996	2.64
1997	2.24
1998	1.97
1999	2.30
2000	2.74
2001	3.66
2002	0.30
2003	5.39
2004	2.71
2005	2.02
2006	3.09
2007	4.14
2008	4.73
2009	0.26
2010	1.88
2011	1.62
2012	1.68
2013	-0.95
2014	-1.33
2015	-0.75
2016	-0.57
2017	1.04
2018	1.00
2019	1.12
2020	-1.18

Inflation, GDP deflator: linked series (annual %)

The latest value for Inflation, GDP deflator: linked series (annual %) in Cyprus was -1.18 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 13.60 in 1995 and -1.33 in 2014.

Definition: Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.

Source: World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.

Year	Value
1990	5.43
1991	3.89
1992	6.04
1993	4.80
1994	5.27
1995	13.60
1996	2.64
1997	2.24
1998	1.97
1999	2.30
2000	2.74
2001	3.66
2002	0.30
2003	5.39
2004	2.71
2005	2.02
2006	3.09
2007	4.14
2008	4.73
2009	0.26
2010	1.88
2011	1.62
2012	1.68
2013	-0.95
2014	-1.33
2015	-0.75
2016	-0.57
2017	1.04
2018	1.00
2019	1.12
2020	-1.18

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices