Cyprus Annual Inflation Eases to 4% as Euro Area Surpasses 2.8%

Annual consumer inflation in Cyprus eased slightly to an estimated 4 per cent in July 2026, according to preliminary data from Eurostat. This marks a cooling down from the 4.1 per cent rate recorded in June 2026.

The latest estimate highlights a significant shift when compared to the 0.1 per cent year-on-year rate registered in July 2025. National price growth accelerated sharply to 3.5 per cent year-on-year in May 2026 before climbing further the following month, according to calculations using the Harmonised Index of Consumer Prices (HICP).

While local inflation experienced a modest deceleration, euro area annual inflation moved in the opposite direction, creeping up to 2.9 per cent in July 2026 from 2.8 per cent in June.