cyprus inflation — cyprus inflation — Cyprus recorded one of the lowest inflation rates in the euro area in November 2025, with the annual harmonised index of consumer prices (HICP) at just 0.2 per cent, remaining unchanged from the previous month. This consistency comes alongside a significant monthly inflation drop of 1 per cent, according to preliminary figures released by Eurostat.
In contrast, inflation across the euro area is anticipated to increase to 2.2 per cent in November, up from 2.1 per cent in October. The modest rise is largely attributed to the services sector, which saw an increase to 3.5 per cent from 3.4 per cent. Meanwhile, prices for food, alcohol, and tobacco held steady at 2.5 per cent.
Cyprus inflation: Energy Prices Show Mixed Signals
Non-energy industrial goods remained unchanged at 0.6 per cent, while the energy sector, which has been a significant factor in dragging down inflation, exhibited a moderated decline. Energy prices fell by 0.5 per cent annually, a slight improvement from a 0.9 per cent drop noted earlier.
Food Prices on the Rise
Within the food sector, unprocessed food saw a notable increase of 3.3 per cent compared to 3.2 per cent in October. Processed food, alcohol, and tobacco also experienced a rise, estimated at 2.3 per cent. The dynamics of the food market continue to play a crucial role in shaping inflation trends.
Regional Variations in Inflation Rates
The inflation landscape across the euro area is marked by considerable variation among member states. Germany is expected to see its inflation rate rise to 2.6 per cent from 2.3 per cent, while France maintains one of the lowest rates at 0.8 per cent, unchanged from the previous month. Italy continues to experience a downward trend, reducing its rate to 1.1 per cent, while Finland remains stable at 1.4 per cent.
In Central and Eastern Europe, stronger price pressures are evident, with Estonia leading at 4.7 per cent, followed by Croatia at 4.3 per cent and Austria at 4.1 per cent. Ireland’s inflation is estimated to have reached 3.2 per cent, with Spain’s rate edging down slightly to 3.1 per cent. The Netherlands has slowed to 2.6 per cent due to base effects in energy, while Luxembourg saw a notable increase to 3.6 per cent. Greece reported an inflation rate of 2.9 per cent.
The full set of harmonised consumer price indices for November is scheduled for publication by Eurostat on December 17, which will provide further insights into the inflation trends across the euro area.
