Annual Inflation Visualization (Cyprus)

Source: World Bank (1976-2023)

4.32% Historical average
14.15% Maximum recorded
-1.34% Minimum recorded
48 Years of data

Historical Inflation Calculator for Cyprus

Calculate how the value of money has changed between two specific years in Cyprus.

Future Value Estimation

Estimate how the value of an amount of money will change in the future, given an average inflation rate.

Past Value Estimation

Estimate what the equivalent value of an amount of money would have been in the past, given an average inflation rate.

Historical inflation data for Cyprus

Year Inflation (%) Change
2023 3.83% -2.86pp
2022 6.69% +3.64pp
2021 3.04% +4.25pp
2020 -1.21% -2.56pp
2019 1.35% +0.32pp
2018 1.03% +0.01pp
2017 1.02% +1.60pp
2016 -0.57% +0.18pp
2015 -0.75% +0.58pp
2014 -1.34% -0.40pp
2013 -0.94% -2.62pp
2012 1.68% +0.06pp
2011 1.62% -0.26pp
2010 1.88% +1.62pp
2009 0.26% -4.47pp
2008 4.73% +0.60pp
2007 4.14% +1.05pp
2006 3.09% +1.07pp
2005 2.02% -0.69pp
2004 2.71% -2.68pp
2003 5.39% +5.09pp
2002 0.30% -3.36pp
2001 3.66% +0.92pp
2000 2.74% +0.44pp
1999 2.30% +0.34pp
1998 1.97% -0.27pp
1997 2.24% -0.40pp
1996 2.64% -10.96pp
1995 13.60% +8.33pp
1994 5.27% +0.47pp
1993 4.80% -1.24pp
1992 6.04% +2.15pp
1991 3.89% -1.55pp
1990 5.43% +0.68pp
1989 4.75% +1.56pp
1988 3.19% -0.67pp
1987 3.86% -0.29pp
1986 4.15% -1.52pp
1985 5.67% -2.51pp
1984 8.18% +3.14pp
1983 5.04% -5.31pp
1982 10.35% -2.04pp
1981 12.39% -1.76pp
1980 14.15% +1.02pp
1979 13.14% +2.06pp
1978 11.07% +2.18pp
1977 8.90% +0.87pp
1976 8.03% -

About Cyprus inflation

Cyprus inflation measures the annual percentage change in the general level of consumer prices. This indicator is essential to understand how the purchasing power of money varies over time. Our Cyprus inflation calculator allows you to visualize these changes and calculate monetary equivalences between different years.

What is inflation?

Inflation is the sustained and generalized increase in the price level of goods and services in an economy over a period of time. When inflation rises, each monetary unit buys fewer products. The inflation rate is generally measured by the Consumer Price Index (CPI), which reflects changes in the cost of a representative basket of goods and services.

How to use this inflation calculator?

Our Cyprus inflation calculator offers three tools: 1) Historical calculator: enter a value and select two years to see how purchasing power has changed. 2) Future value: estimate what your money will be worth in the future with a projected inflation rate. 3) Past value: calculate the equivalent of a current amount in the past.

Data provided by the World Bank (World Bank Open Data). Data is updated annually.

Frequently Asked Questions

What is the current inflation in Cyprus?
According to the latest available World Bank data, Cyprus inflation in 2023 was 3.83%. This inflation rate represents the annual percentage change in the consumer price index (CPI).
How to calculate cumulative inflation in Cyprus?
To calculate cumulative inflation in Cyprus, use our historical calculator. Enter an initial value, select the start year and end year. The calculator will multiply the value by each year's inflation factors to give you the equivalent value and total cumulative inflation in percentage.
What was the highest inflation recorded in Cyprus?
You can check Cyprus's historical inflation in the chart and table on this page. The data shows the evolution of the annual inflation rate from 1976 to 2023, allowing you to identify periods of highest and lowest inflation.
How does inflation affect purchasing power?
Inflation reduces the purchasing power of money over time. For example, if inflation is 3% per year, what costs $100 today will cost $103 next year. Our inflation calculator helps you visualize exactly how much the real value of your money has changed in Cyprus.
What is the historical average inflation in Cyprus?
The historical average inflation in Cyprus can be calculated with the data on this page. Check the statistics in the chart section where we show the historical average, as well as the maximum and minimum values recorded during the period 1976-2023.
What is the CPI and how does it relate to inflation?
The CPI (Consumer Price Index) is an indicator that measures the price variation of a basket of goods and services representative of household consumption. The inflation rate is calculated as the percentage change in the CPI between two periods. Our Cyprus inflation data is based on the official CPI.