Cyprus’ annual inflation rate rose to 3.69% in September 2026 from 3.52% in August, remaining at its highest level since September 2023. The acceleration was driven largely by stronger price increases for housing, water, electricity, gas and other fuels (9.63% vs 6.86%) and transportation (11.87% vs 11.36%). Price growth also accelerated for restaurants and accommodation services (3.84% vs 3.42%) and health (1.29% vs 1.03%), while education eased (3.11% vs 3.52%). At the same time, inflation moderated for food and non-alcoholic beverages (3.56% vs 3.81%), recreation, sport and culture (3.09% vs 3.23%), and furnishings and household equipment (-0.48% vs -0.84%). Clothing and footwear prices fell at a faster pace (-10.75% vs -6.29%). On a monthly basis, consumer prices eased to 0.74% in September, from a 0.91% rise in August. source: Statistical Service of the Republic of Cyprus

Inflation Rate in Cyprus increased to 3.69 percent in September from 3.52 percent in August of 2026. Inflation Rate in Cyprus averaged 3.64 percent from 1951 until 2026, reaching an all time high of 18.75 percent in July of 1951 and a record low of -3.59 percent in October of 1961. This page provides the latest reported value for - Cyprus Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Cyprus Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.

Inflation Rate in Cyprus increased to 3.69 percent in September from 3.52 percent in August of 2026. Inflation Rate in Cyprus is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Inflation Rate is projected to trend around 2.30 percent in 2027 and 2.20 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-03 09:00 AM
Inflation Rate YoY
Aug 3.52% 2.93% 3.0%
2026-10-08 09:40 AM
Inflation Rate YoY
Sep 3.69% 3.52% 3.9%
2026-11-05 10:00 AM
Inflation Rate YoY
Oct 3.69%


Related Last Previous Unit Reference
Consumer Price Index CPI 104.01 103.25 points Sep 2026
CPI Housing Utilities 108.92 105.76 points Sep 2026
CPI Transportation 111.58 112.53 points Sep 2026
Food Inflation 3.56 3.81 percent Sep 2026
GDP Deflator 123.81 122.78 points Jun 2026
Harmonised Consumer Prices 106.39 106.80 points Sep 2026
Harmonised Inflation Rate MoM -0.40 1.50 percent Sep 2026
Harmonised Inflation Rate YoY 5.20 5.20 percent Sep 2026
Inflation Rate YoY 3.69 3.52 percent Sep 2026
Inflation Rate MoM 0.74 0.91 percent Sep 2026
Producer Prices 127.90 127.60 points Aug 2026


Cyprus Inflation Rate
In Cyprus, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (19 percent of total weight). Transport accounts for 15 percent; Housing and Utilities for 11 percent; Miscellaneous Goods and Services for 9 percent; Restaurants and Hotels for 8 percent and Clothing and Footwear for 7 percent. Furniture, Household Goods and Maintenance; Health; Recreation and Culture; Communication; Education and Alcoholic Beverages and Tobacco account for the remaining 30 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
3.69 3.52 18.75 -3.59 1951 - 2026 percent Monthly

News Stream
Cyprus Inflation Remains at 3-Year High
Cyprus’ annual inflation rate rose to 3.69% in September 2026 from 3.52% in August, remaining at its highest level since September 2023. The acceleration was driven largely by stronger price increases for housing, water, electricity, gas and other fuels (9.63% vs 6.86%) and transportation (11.87% vs 11.36%). Price growth also accelerated for restaurants and accommodation services (3.84% vs 3.42%) and health (1.29% vs 1.03%), while education eased (3.11% vs 3.52%). At the same time, inflation moderated for food and non-alcoholic beverages (3.56% vs 3.81%), recreation, sport and culture (3.09% vs 3.23%), and furnishings and household equipment (-0.48% vs -0.84%). Clothing and footwear prices fell at a faster pace (-10.75% vs -6.29%). On a monthly basis, consumer prices eased to 0.74% in September, from a 0.91% rise in August.
2026-10-08
Cyprus Inflation Accelerates to 3-Year High
The annual inflation rate in Cyprus rose to 3.52% in August 2026 from 2.93% in the previous month, marking the largest increase since September 2023. The acceleration was driven largely by stronger price increases for transportation (11.36% vs 5.96% in July), restaurants and hotels (3.42% vs 3.08%), and miscellaneous goods and services (0.68% vs 0.32%). At the same time, price growth remained steady for education (at 3.52%) and insurance and financial services (at 0.03%), while costs fell at a softer pace for information and communication (-2.72% vs -3.26%) and furnishings and household equipment (-0.84% vs -0.98%). In contrast, inflation moderated for food and non-alcoholic beverages (3.81% vs 4.94%), alcoholic beverages and tobacco (0.88% vs 0.98%), housing and utilities (6.86% vs 7.21%), health (1.03% vs 1.11%), and recreation and culture (3.23% vs 3.56%). On a monthly basis, consumer prices rose 0.91% in August, rebounding from a 0.66% drop in July.
2026-09-03
Cyprus Inflation Rate Eases Slightly in July
The annual inflation rate in Cyprus eased to 2.93% in July 2026 from 3.06% in the previous month. Price growth moderated for food and non-alcoholic beverages (4.94% vs 5.06% in June), transport (5.96% vs 8.26%), recreation, sports and culture (3.56% vs 5.25%), education (3.52% vs 3.71%), health (1.11% vs 1.13%), restaurants and accommodation services (3.08% vs 3.24%), and personal care, social protection, and miscellaneous goods and services (0.32% vs 0.65%). Furnishings and home decoration, household equipment, and routine home maintenance remained in deflation at -0.98%. Meanwhile, price growth accelerated for housing and utilities (7.21% vs 5.60%) and alcoholic beverages and tobacco (0.98% vs 0.95%), while deflation softened in clothing and footwear (-5.86% vs -7.65%) and information and communication (-3.26% vs -3.99%). On a monthly basis, consumer prices fell 0.66%, reversing a 0.25% increase in the previous month.
2026-08-06