Consumer prices in Cyprus rose by 0.5% year-on-year in January 2026, marking a rebound after eight consecutive months of deflation and following a 0.5% decline in December 2025. The increase was mainly driven by higher prices for food (up 3.01% vs. -2.93%), furnishings (0.4% vs. -0.23%), recreation and culture (3.17% vs. 2.20%), and education (3.71% vs. 3.45%). Meanwhile, inflation eased for restaurants and hotels (4.79% vs. 4.92%), health (0.79% vs. 1.12%), and non-alcoholic beverages and tobacco (0.75% vs. 1.04%). In contrast, price growth turned negative for communication (-1.97% vs. 0.54%), while deflation persisted in transports (-2.45% vs. -0.85%) and eased for housing and utilities (-0.65% vs. -1.65%) as well as clothing and footwear (-7.02% vs. -7.93%). On a monthly basis, consumer prices fell by 0.3%, following a 0.13% increase in the previous month. source: Statistical Service of the Republic of Cyprus

Inflation Rate in Cyprus increased to 0.50 percent in January from -0.50 percent in December of 2025. Inflation Rate in Cyprus averaged 3.65 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 February of 2026.

Inflation Rate in Cyprus increased to 0.50 percent in January from -0.50 percent in December of 2025. Inflation Rate in Cyprus is expected to be 1.10 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, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-08 10:00 AM
Inflation Rate YoY
Dec -0.5% -0.5% -0.5%
2026-02-05 02:00 PM
Inflation Rate YoY
Jan 0.5% -0.5% -0.2%
2026-03-05 10:00 AM
Inflation Rate YoY
Feb 0.5% 0.6%


Related Last Previous Unit Reference
Consumer Price Index CPI 99.98 100.28 points Jan 2026
CPI Housing Utilities 100.66 99.96 points Jan 2026
CPI Transportation 97.72 99.04 points Jan 2026
Food Inflation 3.00 -2.93 percent Jan 2026
GDP Deflator 120.24 120.04 points Sep 2025
Harmonised Consumer Prices 99.88 99.73 points Jan 2026
Harmonised Inflation Rate MoM 0.20 -0.40 percent Jan 2026
Harmonised Inflation Rate YoY 1.70 0.10 percent Jan 2026
Inflation Rate YoY 0.50 -0.50 percent Jan 2026
Inflation Rate MoM -0.30 0.10 percent Jan 2026
Producer Prices 122.60 122.30 points Dec 2025


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
0.50 -0.50 18.75 -3.59 1951 - 2026 percent Monthly

News Stream
Cyprus Inflation Rate Rises to 0.5% in January
Consumer prices in Cyprus rose by 0.5% year-on-year in January 2026, marking a rebound after eight consecutive months of deflation and following a 0.5% decline in December 2025. The increase was mainly driven by higher prices for food (up 3.01% vs. -2.93%), furnishings (0.4% vs. -0.23%), recreation and culture (3.17% vs. 2.20%), and education (3.71% vs. 3.45%). Meanwhile, inflation eased for restaurants and hotels (4.79% vs. 4.92%), health (0.79% vs. 1.12%), and non-alcoholic beverages and tobacco (0.75% vs. 1.04%). In contrast, price growth turned negative for communication (-1.97% vs. 0.54%), while deflation persisted in transports (-2.45% vs. -0.85%) and eased for housing and utilities (-0.65% vs. -1.65%) as well as clothing and footwear (-7.02% vs. -7.93%). On a monthly basis, consumer prices fell by 0.3%, following a 0.13% increase in the previous month.
2026-02-05
Cyprus Consumer Prices Fall for 8th Month
Consumer prices in Cyprus fell by 0.5% year-on-year in December 2025, unchanged from the previous month. It marked the eighth consecutive month of consumer deflation, as prices decreased at a faster pace for transport (-0.85% vs -0.68% in November), housing and utilities (-1.65% vs -1.17%), and clothing and footwear (-7.93% vs 7.61%). Moreover, cost moderated for health (1.12% vs 1.19%), communication (0.54% vs 0.59%), and restaurants and hotels (4.92% vs 4.98%). In contrast, deflation softened for food and non-alcoholic beverages (-2.93% vs -3.09%) and furnishings, household equipment, and routine maintenance of the house (-0.23% vs -0.84%). Prices accelerated for alcoholic beverages and tobacco (1.04% vs 0.52%), education (3.45% vs 3.30%), and miscellaneous goods and services (1.41% vs 1.03%). On a monthly basis, consumer prices rose 0.1%, rebounding from a 0.6% fall in November.
2026-01-08
Cyprus Consumer Prices Drop for 7th Month
Consumer prices in Cyprus decreased by 0.5% year-on-year in November 2025, following a 0.3% drop in the previous month. This was the seventh straight month of deflation, as prices continued to decline for food and non-alcoholic beverages (-3.1% vs -2.1% in October), housing and utilities (-1.2% vs -1.1%), transport (-0.7% vs -0.4%), clothing and footwear (-7.6% vs -6.7%), and furnishings, household equipment and supplies (-0.8% vs -1%). On the other hand, prices rose mainly for restaurants and hotels (5% vs 4.4%), miscellaneous goods and services (1% vs 0.6%). On a monthly basis, consumer prices fell by 0.6% in November, the first decline in four months, reversing a 0.5% increase in October.
2025-12-04