Cyprus inflation rate rises to 5.4% in October 2026

Preliminary data released by Eurostat on November 4, 2026, indicates that Cyprus recorded an annual inflation rate of 5.4% in October, rising from 5.2% in September. This figure places the country significantly above the Eurozone average, which stands at 4.0% for the same period. Monthly, the Harmonized Index of Consumer Prices in Cyprus increased by 0.2%.

The steady upward trend in the Cypriot economy is evident when comparing recent performance to historical data. Inflation climbed from 3.5% in May to 4.1% in June, 4.4% in July, and reached 5.2% in August and September. Notably, in October 2025, the annual inflation rate in Cyprus was only 0.2%. The current economic landscape is heavily influenced by a surge in energy costs, with energy prices across the Eurozone rising by 20.8% annually.

Experts attribute the inflationary pressure to persistent energy costs, which continue to strain household budgets and corporate operations. The cumulative inflation in Cyprus over the five-year period from 2022 to 2026 is estimated at 11.16%, significantly impacting the purchasing power of citizens.