cyprus inflation — cyprus inflation — Inflation in Cyprus remained low in November, with the Harmonised Index of Consumer Prices rising by just 0.1 per cent year-on-year, according to data released by the Statistical Service (Cystat) on Wednesday.
- The report highlighted a decline of 1.1 per cent when compared with October 2025, reflecting a stabilisation in the economy.
- Monthly changes also highlighted fluctuations, particularly in food, alcoholic beverages, and tobacco, which saw a decline of 1.8 per cent, while services experienced a drop of 1.3 per cent.
The report highlighted a decline of 1.1 per cent when compared with October 2025, reflecting a stabilisation in the economy.
Cyprus inflation: Sector Performances Reveal Varied Trends
Recreation and culture saw the strongest annual increase at 5.1 per cent, with restaurants and hotels following closely at a 4.5 per cent rise. Education also posted a notable increase of 3.2 per cent, indicating strong demand in these sectors.
Conversely, clothing and footwear experienced the largest annual decline, dropping by 7.5 per cent. Housing, water supply, electricity, and gas fell by 2.6 per cent, while both transport and communication declined by 1.5 per cent.
Monthly Fluctuations Capture Consumer Trends
On a month-to-month basis, the report revealed that restaurants and hotels recorded the sharpest fall at 2.8 per cent compared to October. Food and non-alcoholic beverages also saw a decline of 2.6 per cent.
Transportation and communication experienced slight drops as well, with declines of 0.5 per cent and 0.4 per cent, respectively. In contrast, clothing and footwear was among the few categories to see a monthly increase, rising by 0.9 per cent, while alcoholic beverages and tobacco increased by 0.6 per cent.
Year-to-Date Trends Illustrate Economic Resilience
For the January to November 2025 period, recreation and culture again posted the highest increase at 6.3 per cent. Restaurants and hotels rose by 5.2 per cent, while education increased by 3.6 per cent. These figures demonstrate a consistent demand for leisure and educational services despite broader economic challenges.
On the other hand, clothing and footwear recorded a decline of 6.2 per cent, while housing, water supply, electricity, and gas fell by 1.8 per cent. This variance in performance suggests consumers are prioritising essential services over discretionary spending.
Energy Sector Experiences Notable Declines
Among economic categories, energy recorded the largest annual change, declining by 4.7 per cent. Non-energy industrial goods also fell by 3.4 per cent. However, the services sector showed a notable increase of 3.6 per cent, indicating a shift towards service-oriented consumption.
Monthly changes also highlighted fluctuations, particularly in food, alcoholic beverages, and tobacco, which saw a decline of 1.8 per cent, while services experienced a drop of 1.3 per cent.
