Inflation rates by country and year

-2.1%2.5%7%11.6%16.2%
-2.1%2.5%7%11.6%16.2%
19600.8%
19926.5%
20250.1%
Source: World Bank

Data: World Bank, annual %. For information only — not financial advice.

Year2025Inflation Rate0.1%

Behind the curve

Turning points in Cyprus

  1. 1973↑ Upward pressure

    The first oil shock — Wikipedia (opens in a new tab)

    Cyprus's reliance on imported oil and goods made it vulnerable to the 1973 shock, which raised costs into the mid-1970s.

    Central Bank of Cyprus
  2. 2008↑ Upward pressure

    The world food price crisis — Wikipedia (opens in a new tab)

    The 2007–08 global food and fuel surge pushed Cypriot inflation to a peak in 2008.

    Central Bank of Cyprus
  3. 2013↕ Mixed effects

    The 2013 banking crisis — Wikipedia (opens in a new tab)

    The 2013 banking crisis and bail-in disrupted the economy, leaving inflation subdued despite depreciation pressure.

    Central Bank of Cyprus
  4. 2022↑ Upward pressure

    The post-pandemic inflation surge — Wikipedia (opens in a new tab)

    Higher global food and energy prices lifted Cypriot inflation in 2022.

    Central Bank of Cyprus

These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.

What is the inflation in Cyprus?

The annual inflation rate in Cyprus was 0.1% in 2025, the most recent year in the World Bank dataset. That means prices rose 0.1% on average compared with the year before. Use the chart above to explore Cyprus's full inflation history from 1960 to 2025, and to compare it with any other country.

How inflation in Cyprus has changed

Inflation in Cyprus peaked at 16.2% in 1974 and reached its lowest point at -2.1% in 2015. Averaged across the 66 years of available data (1960–2025), the rate has been 3.4% per year.

Frequently asked questions about inflation in Cyprus

What is the current inflation rate in Cyprus?

The latest available annual figure is 0.1% in 2025, from the World Bank. Because the figures are reported annually, they may not reflect the most recent monthly reading published by Cyprus's statistical office.

What was the highest inflation rate in Cyprus?

The highest annual inflation rate on record is 16.2%, reached in 1974.

What was the lowest inflation rate in Cyprus?

The lowest annual inflation rate on record is -2.1%, recorded in 2015.

Where does the inflation data for Cyprus come from?

All figures come from the World Bank's World Development Indicators (indicator FP.CPI.TOTL.ZG), which report annual consumer price inflation for more than 200 countries and territories from 1960 onward.