Inflation in Cyprus stood at 4.4% in October 2026. The Consumer Price Index rose by 1.12% compared with September, according to figures released on Thursday by the Statistical Service of Cyprus.
For the January-October 2026 period, inflation reached 2.5% compared with the corresponding period of the previous year.
Among the economic categories, petroleum products recorded the largest annual increase, at 30.6%, followed by electricity and water, at 13.6%. Industrial products, excluding petroleum products, fell by 1%.
Compared with October 2025, the largest increases among goods and services categories were recorded in transport, at 13.7%, and in housing, water supply, electricity, gas and other fuels, at 10.8%. Clothing and footwear fell by 9.3%.
Vegetables have strong impact
On a monthly basis, the largest increases were recorded in clothing and footwear, at 5.4%; housing, water supply, electricity, gas and other fuels, at 1.8%; food and non-alcoholic beverages, at 1.5%; and transport, at 1.4%.
In terms of the contribution of individual categories to the annual change in the Consumer Price Index, restaurants and accommodation services had the largest positive effect, contributing 3.23 points. Recreation, sport and culture followed with 2.85 points, and housing, water supply and energy with 1.93 points. Health had a negative effect of -2.61 points, information and communication technologies -1.56, and clothing and footwear -1.37.
Among individual products and services, recreation services had the largest positive impact on inflation, at 2.97 points, followed by food-serving services, at 2.83 points, and rents, at 1.56 points. Mobile communication services had the largest negative impact, at -1.53 points.
On a monthly basis, vegetables had the largest positive effect on the change in the Consumer Price Index, at 0.31 points, followed by clothing items, at 0.28, and fuels and lubricants, at 0.26 points. Passenger air transport, fruit and nuts, and poultry meat had a negative effect.
Source: CNA
