Cyprus Inflation Rate Hits Over 3-Year High

2026-11-05 10:36 By Jereli Escobar 1 min. read

The annual inflation rate in Cyprus increased to 4.37% in October 2026 from 3.69% in the previous month, reaching its highest level since March 2023.

Price increases accelerated across several categories, including food and non-alcoholic beverages (4.74% vs 3.56% in September), transport (13.73% vs 11.87%), housing and utilities (10.75% vs 9.63%), health (1.48% vs 1.29%), recreation and culture (3.38% vs 3.09%), and alcoholic beverages and tobacco (1.16% vs 0.82%).

At the same time, deflation eased in clothing and footwear (-9.25% vs -10.75%) and information and communication (-0.71% vs -1.14%).

Meanwhile, inflation slowed in education (2.10% vs 3.11%) and restaurants and hotels (3.76% vs 3.84%), while prices continued to fall in furnishings and home decoration, household equipment, and routine home maintenance (-0.68% vs -0.48%).

On a monthly basis, consumer prices rose by 1.12% in October from 0.74% in September, marking the largest increase since April.



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Cyprus Inflation Rate Hits Over 3-Year High
The annual inflation rate in Cyprus increased to 4.37% in October 2026 from 3.69% in the previous month, reaching its highest level since March 2023. Price increases accelerated across several categories, including food and non-alcoholic beverages (4.74% vs 3.56% in September), transport (13.73% vs 11.87%), housing and utilities (10.75% vs 9.63%), health (1.48% vs 1.29%), recreation and culture (3.38% vs 3.09%), and alcoholic beverages and tobacco (1.16% vs 0.82%). At the same time, deflation eased in clothing and footwear (-9.25% vs -10.75%) and information and communication (-0.71% vs -1.14%). Meanwhile, inflation slowed in education (2.10% vs 3.11%) and restaurants and hotels (3.76% vs 3.84%), while prices continued to fall in furnishings and home decoration, household equipment, and routine home maintenance (-0.68% vs -0.48%). On a monthly basis, consumer prices rose by 1.12% in October from 0.74% in September, marking the largest increase since April.
2026-11-05
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.
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