The annual inflation rate in Cyprus rose to 3.06% in June 2026 from 2.55% in the previous month. The latest figure marked the highest reading since October 2023, as prices increased in food and non-alcoholic beverages (5.06% vs 2.86% in May), housing utilities (5.60% vs 4.22%), health (1.13% vs 1.12%), recreation and culture (5.25% vs 4.59%). At the same time, deflation slowed for clothing and footwear (-7.65% vs -8.22%), furnishings and household equipment (-0.98% vs -1.10%), and information and communication (-3.99% vs -4.21%). Meanwhile, price growth moderated for alcoholic beverages and tobacco (0.95% vs 1.21%), transportation (8.26% vs 9.50%), restaurants and hotels (3.24% vs 3.52%), and miscellaneous goods and services (0.65% vs 0.68%). On a monthly basis, consumer prices grew by 0.25% in May, following a 0.06% drop in the preceding period. source: Statistical Service of the Republic of Cyprus

Inflation Rate in Cyprus increased to 3.06 percent in June from 2.55 percent in May 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 July of 2026.

Inflation Rate in Cyprus increased to 3.06 percent in June from 2.55 percent in May of 2026. Inflation Rate in Cyprus is expected to be 2.70 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
2026-06-04 09:00 AM
Inflation Rate YoY
May 2.55% 2.83% 3.5%
2026-07-02 09:00 AM
Inflation Rate YoY
Jun 3.06% 2.55% 2.5%
2026-08-06 09:00 AM
Inflation Rate YoY
Jul 3.06%


Related Last Previous Unit Reference
Consumer Price Index CPI 103.00 102.74 points Jun 2026
CPI Housing Utilities 104.63 103.42 points Jun 2026
CPI Transportation 107.18 107.63 points Jun 2026
Food Inflation 5.06 2.86 percent Jun 2026
GDP Deflator 120.99 121.56 points Mar 2026
Harmonised Consumer Prices 104.31 103.45 points Jun 2026
Harmonised Inflation Rate MoM 0.80 0.70 percent Jun 2026
Harmonised Inflation Rate YoY 4.00 3.50 percent Jun 2026
Inflation Rate YoY 3.06 2.55 percent Jun 2026
Inflation Rate MoM 0.25 -0.06 percent Jun 2026
Producer Prices 125.70 122.00 points May 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
3.06 2.55 18.75 -3.59 1951 - 2026 percent Monthly

News Stream
Cyprus Inflation Rate Highest Since 2023
The annual inflation rate in Cyprus rose to 3.06% in June 2026 from 2.55% in the previous month. The latest figure marked the highest reading since October 2023, as prices increased in food and non-alcoholic beverages (5.06% vs 2.86% in May), housing utilities (5.60% vs 4.22%), health (1.13% vs 1.12%), recreation and culture (5.25% vs 4.59%). At the same time, deflation slowed for clothing and footwear (-7.65% vs -8.22%), furnishings and household equipment (-0.98% vs -1.10%), and information and communication (-3.99% vs -4.21%). Meanwhile, price growth moderated for alcoholic beverages and tobacco (0.95% vs 1.21%), transportation (8.26% vs 9.50%), restaurants and hotels (3.24% vs 3.52%), and miscellaneous goods and services (0.65% vs 0.68%). On a monthly basis, consumer prices grew by 0.25% in May, following a 0.06% drop in the preceding period.
2026-07-02
Cyprus Inflation Rate Eases Slightly in May
The annual inflation rate in Cyprus eased to 2.55% in May 2026 from 2.83% in the previous month. Price growth moderated for food and non-alcoholic beverages (2.86% vs 4.76% in April) and personal care, social protection, and miscellaneous goods and services (0.68% vs 0.89%). Additionally, deflation deepened in clothing and footwear (-8.22% vs -5.29%), furnishings and home decoration, household equipment, and routine home maintenance (-1.10% vs -0.26%), and information and communication (-4.21% vs -1.99%). In contrast, costs increased faster for alcoholic beverages and tobacco (1.21% vs 0.81%), housing and utilities (4.22% vs 2.65%), transport (9.50% vs 8.17%), recreation, sports and culture (4.59% vs 4.15%), and restaurants and accommodation services (3.52% vs 3.27%). On a monthly basis, consumer prices fell 0.06%, reversing from a four-year high of 1.71% in the previous month.
2026-06-04
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.
2026-05-07