Cyprus - Consumer Price Index (CPI)

Cyprus: Consumer Price Index (CPI)

Mnemonic CPI.ICYP
Unit Index 2015=100, NSA
Adjustments Not Seasonally Adjusted
Monthly 0.3 %
Data Aug 2019 100.32
Jul 2019 100.02

Series Information

Source Statistical Service of the Republic of Cyprus (CYSTAT)
Release Consumer price index (CPI)
Frequency Monthly
Start Date 1/31/1957
End Date 8/31/2019

Cyprus: Price

Reference Last Previous Units Frequency
Consumer Price Index (CPI) Aug 2019 100.32 100.02 Index 2015=100, NSA Monthly
Producer Price Index (PPI) Jul 2019 105.5 104.1 Index 2015=100, NSA Monthly
Wholesale Price Index 2012 105 102.91 Index 2010 = 100 Annual

Release Information

Each month, CYSTAT publishes a detailed CPI and harmonized CPI (headline and 12 COICOP categories), and CPI by economic origin.

A consumer price index (CPI) is a measure of the average price of a fixed basket consumer goods and services purchased by households. It is one of several price indices calculated by national statistical agencies. The percent change in the CPI is a measure of inflation. The CPI can be used to index (i.e., adjust for the effects of inflation) wages, salaries, pensions, or regulated or contracted prices.

The CPI is a Laspeyres-type price index rather than a cost of living index.

The harmonized (harmonised) index of consumer prices (HICP) is produced for comparability across the EU.

Population coverage: Resident households and households that intend to live in Cyprus for at least one year.

Geographical coverage: Prices of goods and services in Nicosia, Larnaca, Limassol and Paphos. Prices are weighted by population.

Price coverage: Those actually paid by consumers for the purchase of specific goods and services, including the Value Added Tax and excise duties. Included are end-of-season sales prices and special offer prices available to the general public with no restrictions.

Product classification: COICOP.  As of 2016, ECOICOP, which is identical at the upper four levels.

Weights of the HICP: Until 2011, based mainly on the Household Budget Survey. From 2012, based on National Accounts, per Eurostat regulation 1114/2010.

Weights of CPI by economic origin: Changed between the 1998 and 2005 bases, but not for the 2015 base.

Periodicity and timeliness

The CPI dataset is monthly.  The headline CPI is followed by the HICP (about 5-12 days), and by the "CPI by economic origin" (5-8 days).

As of January 2016, the index base period changed from 2005 to 2015.  Cystat does not publish past history under the new base.