FX.co ★ Cyprus Inflation Rate Hits Over 3-Year High

Cyprus’s annual inflation rate rose to 4.37% in October 2026 from 3.69% in September, marking its highest level since March 2023. Price growth accelerated in several key categories, including food and non-alcoholic beverages (4.74% vs 3.56% in September), transport (13.73% vs 11.87%), housing and utilities (10.75% vs 9.63%), health (1.48% vs 1.29%), recreation and culture (3.38% vs 3.09%), and alcoholic beverages and tobacco (1.16% vs 0.82%).

At the same time, deflation moderated in clothing and footwear (-9.25% vs -10.75%) and in information and communication (-0.71% vs -1.14%). By contrast, inflation eased in education (2.10% vs 3.11%) and in restaurants and hotels (3.76% vs 3.84%). Prices continued to decline in furnishings and home decoration, household equipment, and routine home maintenance (-0.68% vs -0.48%).

On a monthly basis, consumer prices increased by 1.12% in October, up from 0.74% in September, representing the sharpest monthly rise since April.