Cyprus inflation rate climbs to 4 percent in June 2026

In June 2026, Cyprus recorded an annual inflation rate of 4.0 percent, rising from 3.5 percent in May, according to Eurostat’s flash estimate. This figure contrasts with the broader eurozone, where annual inflation eased to 2.8 percent from 3.2 percent in May. Domestic price increases have accelerated significantly since the start of the year, growing from 1.2 percent in January to 4.0 percent in June. Cyprus currently holds the fourth-highest inflation rate in the European Union, trailing Lithuania at 5.5 percent, Bulgaria at 5.3 percent, and Croatia at 4.2 percent. Locally, the Cyprus Statistical Service reported specific monthly increases in transportation, energy, housing, and food, while the retail sector experienced varied price shifts. Although national reports focus on consumer indices like food and transport, international data highlights energy and services as key drivers across the eurozone. Analysts attribute the sustained price pressure to the broader regional energy crisis caused by regional conflict, noting that Cyprus has not yet benefited from the stabilization seen elsewhere in Europe. By comparison, annual inflation in Cyprus stood at 0.5 percent in June 2025.