Cyprus Inflation Rate Rises to Near 2-Year High

2026-05-07 09:44 By Erika Ordonez 1 min. read

The annual inflation rate in Cyprus climbed to 2.8% in April 2026 from 1.2% in the previous month.

This marked the highest reading since August 2024, as prices rebounded sharply in transport (8.2% vs -0.1% in March) and housing and utilities (2.7% vs -1.9%), while rising at a faster pace for health (1.1% vs 0.7%) and recreation and culture (4.2% vs 2.9%).

At the same time, prices remained unchanged for alcoholic beverages and tobacco (0.8%), education (3.7%), and restaurants and accommodation services (3.3%).

In contrast, inflation moderated in food and non-alcoholic beverages (4.8% vs 6.2%) and personal care, social protection and miscellaneous goods and services (0.9% vs 1.2%), while deflation persisted in furnishings, household equipment and routine maintenance of the house (-0.3% vs 0.3%) and information and communication (-2.0% vs -1.8%).

On a monthly basis, consumer prices rose 1.7% in April from 1.2% in the previous month.



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Cyprus Inflation Rate Rises to Near 2-Year High
The annual inflation rate in Cyprus climbed to 2.8% in April 2026 from 1.2% in the previous month. This marked the highest reading since August 2024, as prices rebounded sharply in transport (8.2% vs -0.1% in March) and housing and utilities (2.7% vs -1.9%), while rising at a faster pace for health (1.1% vs 0.7%) and recreation and culture (4.2% vs 2.9%). At the same time, prices remained unchanged for alcoholic beverages and tobacco (0.8%), education (3.7%), and restaurants and accommodation services (3.3%). In contrast, inflation moderated in food and non-alcoholic beverages (4.8% vs 6.2%) and personal care, social protection and miscellaneous goods and services (0.9% vs 1.2%), while deflation persisted in furnishings, household equipment and routine maintenance of the house (-0.3% vs 0.3%) and information and communication (-2.0% vs -1.8%). On a monthly basis, consumer prices rose 1.7% in April from 1.2% in the previous month.
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Cyprus Inflation Rises to Near 1-Year High
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The annual inflation rate in Cyprus eased to 0.06% in February 2026 from 0.5% in the previous month. Prices moderated for food and non-alcoholic beverages (2.36% vs 3.01% in January), while deflation worsened for both housing and utilities (-1.41% vs -0.65%) and transport (-3.71% vs -2.45%). Overall inflation was also driven by easing prices of furnishings and home decoration, household equipment, and routine home maintenance (0.24% vs 0.39%), health (0.51% vs 0.79%), recreation, sports and culture (2.43% vs 3.16%), and restaurants and accommodation services (4.74% vs 4.78%). In contrast, deflation eased for clothing and footwear (-6.77% vs -7.01%), while price growth increased at a faster pace for personal care, social protection, and miscellaneous goods and services (2.03% vs 1.78%). On a monthly basis, consumer prices fell 0.12%, slowing from a 0.3% drop in January.
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