cyprus inflation — Inflation in Cyprus rose to 1.7 per cent in January 2026, a significant increase from just 0.1 per cent in December 2025, according to data released by Eurostat.
- cyprus inflation — Inflation in Cyprus rose to 1.7 per cent in January 2026, a significant increase from just 0.1 per cent in December 2025, according to data released by Eurostat.
- This uptick comes amidst a backdrop of varied inflation trends across the Eurozone. As a whole, inflation in the euro area also stabilised at 1.7 per cent, down from 2 per cent the previous month.
This uptick comes amidst a backdrop of varied inflation trends across the Eurozone. As a whole, inflation in the euro area also stabilised at 1.7 per cent, down from 2 per cent the previous month.
Cyprus inflation: Yearly Comparison
In January 2025, Cyprus recorded a higher inflation rate of 2.9 per cent based on the harmonised index of consumer prices (HICP). This year-on-year comparison highlights a noticeable shift in the economic landscape.
Sector-Specific Insights
Across the euro area, the services sector experienced the highest annual inflation rate at 3.2 per cent, a slight decrease from 3.4 per cent in December. Meanwhile, food, alcohol, and tobacco prices rose by 2.7 per cent, up from 2.5 per cent, indicating a continued pressure on consumer goods.
Non-energy industrial goods saw a marginal increase of 0.4 per cent, climbing from 0.3 per cent in December. In contrast, energy prices fell significantly by 4.1 per cent year-on-year in January, compared to a smaller decline of 1.9 per cent in December.
Monthly Trends
On a monthly basis, Cyprus witnessed a rise of 0.2 per cent in inflation for January, reflecting ongoing adjustments in consumer pricing. Eurostat’s figures reveal that inflation excluding energy eased to 2.3 per cent, while core inflation, which excludes energy, food, alcohol, and tobacco, slowed to 2.2 per cent.
Comparative Analysis Across Eurozone
Inflation rates among EU member states show a broad range of figures. Slovakia recorded the highest annual inflation rate at 4.2 per cent, while Croatia followed closely at 3.6 per cent. Lithuania’s inflation was noted at 2.8 per cent, with Greece at 2.8 per cent and Spain at 2.5 per cent.
At the lower end, France posted an inflation rate of just 0.4 per cent. Other countries such as Italy and Finland both recorded inflation at 1 per cent, while Luxembourg stood at 1.6 per cent and Portugal at 1.9 per cent.
