Cyprus annual inflation rate rises to 4.1 percent in June 2026

In June 2026, Cyprus experienced an acceleration in its annual inflation rate to 4.1%, a significant rise from 3.5% in May and 1.2% in January. Data released by Eurostat and the Cyprus Statistical Service (Cystat) indicates that consumer prices increased by 0.9% on a monthly basis. This upward trend in Cyprus contrasts with broader European trends, as annual inflation across the European Union slowed to 2.9% and in the euro area to 2.8%. In June 2025, Cyprus recorded a lower annual inflation rate of 0.5% according to Cystat, while Eurostat set the euro area average at 2.0% and the EU at 2.3% during that period. Within Cyprus, the largest price increases were observed in the recreation, sports, and culture sector at 9.7%, followed by restaurants and accommodation services at 8.9%. Conversely, prices for clothing and footwear decreased by 8.0%, and information and communication services fell by 2.9%. Across the EU, Romania recorded the highest inflation at 9.2%, while Sweden saw the lowest at 1.0%. Services remained the primary contributor to inflation in the eurozone, accounting for a 1.51 percentage point increase.