Cyprus inflation reaches 3 percent in April 2026

In April 2026, Cyprus recorded an annual inflation rate of 3 percent, rising from 1.5 percent in March 2026 and 1.4 percent in April 2025. Eurostat data indicates that broader euro area inflation reached 3.0 percent, while the European Union average stood at 3.2 percent. The Cyprus Statistical Service (Cystat) specifies that the Harmonized Index of Consumer Prices rose by 2.2 percent on a month-on-month basis. Key drivers for the annual increase in Cyprus include recreation, sports, and culture at 6.8 percent, and transport at 6.7 percent, while energy costs surged by 8.5 percent. Conversely, clothing and footwear saw an annual decline of 5.4 percent, with information and communication dropping by 2.2 percent. Across the EU, inflation rates varied significantly, ranging from 0.5 percent in Sweden to 9.5 percent in Romania. Eurostat noted that annual inflation increased in 21 member states compared to March. The findings highlight continued price pressures and volatility in energy and transport sectors across the region.